Fed Chairman Powell: As we get closer to the appropriate policy stance, risks become more two-sided.

Fed Chairman Powell: We are going very far, very fast in raising interest rates.

Fed Chairman Powell: We clearly know we need more than three times of good data.

Fed Chairman Powell: The last three inflation data have been very good.

Fed Chairman Powell: Economic growth is stronger than expected, which requires higher interest rates.

Fed Chairman Powell: The best thing we can do for everyone is to restore price stability.

Federal Reserve Chairman Powell: Economic development seems to have obvious strong momentum.

Fed Chairman Powell: The FOMC will never comment on the auto workers strike.

Fed Chairman Powell: Government shutdowns usually have little impact on the macroeconomy.

Federal Reserve Chairman Powell: Regarding the UAW strike, the duration of the strike will affect output, employment and inflation.

Fed Chairman Powell: Strikes, government shutdowns, resumption of student loan repayments and rising long-term interest rates are all risks.

Fed Chairman Powell: GDP is not our mission, the question will be whether the growth we see in GDP really poses a threat to the ability to achieve 2% inflation.

Fed Chairman Powell: GDP growth is driven by strong consumer spending.

Fed Chairman Powell: As we move into 2024, we will consider policy lags and data.

Fed Chairman Powell: There are still too many uncertainties.

Fed Chairman Powell: Part of the reason for the decision to cut interest rates may be that real interest rates are rising because inflation is falling.

Fed Chairman Powell: We will have the opportunity to cut interest rates at the appropriate time.

Spot gold fell again, nearly erasing the gains made when Powell spoke, and is now at $1,941.2 an ounce.