- Analytics
- News and Tools
- Market News
- Powell speech: We will take a data-dependent approach from here
Powell speech: We will take a data-dependent approach from here
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 5-5.25% following the May policy meeting.
Key quotes
"Conditions in banking sector have broadly improved."
"US banking system is sound and resilient."
"Committed to learning right lessons."
"Focus remains on dual mandate."
"Strongly committed to bringing inflation back down to 2%."
"Without price stability will not achieve sustained strong labor market."
"We will take a data-dependent approach from here."
"Activity in housing sector remains weak."
"Labor market remains very tight."
"Some signs that supply and demand in labor market coming back into better balance."
"Nominal wage growth has shown signs of easing."
"Inflation has moderated somewhat."
Inflation pressures continue to run high."
"Have a long way to go to bring down inflation."
© 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
