Federal Reserve Chairman Powell: Policy is already restrictive, and even more so after today.

Market news: The United States wants FTX founder Sam Bankman Freed to be imprisoned while awaiting trial.

Fed Chairman Powell: The real federal funds rate is already in a meaningfully positive range.

Federal Reserve Chairman Powell: There is a lot of uncertainty about how long the lag period will last.

Fed Chairman Powell: There is a long-standing debate about the policy lag effect.

"Fed megaphone" Nick Timiraos: Federal Reserve Chairman Powell said that slowing down does not mean we have to act at every meeting. Slowing down can mean 2 (actions) in 3 sessions.

Fed Chairman Powell: There is every reason to slow down rate hikes.

Fed Chairman Powell: Core inflation is a better indicator of where headline inflation is headed.

Federal Reserve Chairman Powell: We need to continue to fight against inflation, and we need to persist for a while.

Federal Reserve Chairman Powell: As the monetary stance becomes more restrictive, the risks are also increasing.

Fed Chairman Powell: I want to see a decline in core inflation.

Fed Chairman Powell: The question is how to weigh the risks of doing too much or too little.

All three major U.S. stock indexes turned higher, with the Dow extending its gains to 0.46%.

Federal Reserve Chairman Powell: This will enhance public perception of falling inflation.

Federal Reserve Chairman Powell: We will be cautious not to take too much signal from a single inflation data.

Federal Reserve Chairman Powell: Stronger economic growth over time may increase inflation and may require a policy response.

Federal Reserve Chairman Powell: The data between the two meetings was basically in line with expectations.

Fed Chairman Powell: Economic growth will strengthen in the future.