02:43:42
Fed Chairman Powell: Most policymakers believe it is more likely to raise interest rates again (this year).
02:42:25
Fed Chairman Powell: Economic activity is stronger than everyone expected.
02:42:19
Fed Chairman Powell: We need real interest rates to remain positive “for some time.”
02:41:53
Fed Chairman Powell: Real interest rates are now "substantively positive."
02:41:21
Fed Chairman Powell: We want to see convincing evidence that we have reached the appropriate level.
02:41:19
Fed Chairman Powell: We have not made a decision on whether interest rates are restrictive enough.
02:40:51
Fed Chairman Powell: Keeping interest rates unchanged does not mean we have reached the restrictive stance we seek.
02:40:28
Federal Reserve Chairman Powell: Will maintain restrictive interest rates until confident that inflation will fall to 2%.
02:39:07
Fed Chairman Powell: Lowering inflation requires a period of below-trend GDP growth.
02:38:16
Federal Reserve Chairman Powell: The Fed’s forecasts are not plans and policies will be adjusted as appropriate.
02:38:13
Fed Chairman Powell: Stay alert to uncertainty.
02:38:05
Fed Chairman Powell: Ready to further raise interest rates if appropriate.
02:38:01
Fed Chairman Powell: We will make decisions meeting by meeting.
02:37:50
Fed Chairman Powell: Given the progress we have made, the FOMC decided to keep interest rates unchanged.
02:37:49
Federal Reserve Chairman Powell: The FOMC will continue to make decisions one by one.
02:37:24
Fed Chairman Powell: The Fed expects core PCE to rise 3.9% year-on-year in August.
02:36:54
Fed Chairman Powell: We are committed to achieving and maintaining policies that are sufficiently restrictive to bring inflation down to 2% over time.
02:36:21
Fed Chairman Powell: Inflation has eased since the middle of last year.
02:36:08
Fed Chairman Powell: The current policy stance is restrictive.
02:35:44
Fed Chairman Powell: I am very aware that high inflation causes significant difficulties for people.