Powell speech: Policymakers did not see this as a time to pause
|FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve's decision to raise the policy rate by 25 basis points to the range of 4.5-4.75% following the first policy meeting of 2023.
Key quotes
"Policymakers did not see this as a time to pause."
"Taking pauses in between moves is not something the Committee is talking about in any detail."
"Before a rate hike every other meeting was the norm but we have not yet decided path ahead."
"Overall my own view is we will not have sustainable return to 2% core ex housing sector inflation without increased labor slack."
"Most forecasters would say unemployment will probably rise a bit."
"There is a path to getting inflation to 2% without a significant economic decline."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.