- Analytics
- News and Tools
- Market News
- Powell speech: Inflation will run above our 2.0% goal well into next year
Powell speech: Inflation will run above our 2.0% goal well into next year
Fed Chair Jerome Powell said in his post-Fed meeting press conference that inflation will run above the Fed's 2.0% goal well into next year.
Additional Takeaways:
"Bottlenecks, supply constraints have been larger, longer-lasting than anticipated."
"Price increases are now broader."
"Wage growth thus far not a major contributor to elevated inflation."
"Expect inflation to decline closer to 2% by end of 2022."
"We continue to expect inflation closer to the 2% goal by end of next year."
"We understand high inflation is a hardship."
"We are committed to our price stability goal."
"We will use our tools to support labor market, and prevent higher inflation from becoming entrenched."
"We will watch carefully to see if economy moving in line with expectations."
"We think full employment will be met next year."
"Expect to leave rates at zero until reach maximum employment."
"Expect a gradual pace of policy firming."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
