English
Fed Chairman surprises markets with important statements
Federal Reserve Chairman Jerome Powell is speaking now, and the most important things are:
Fed Chairman indicates that Federal Reserve officials are likely finished raising rates
The recent decline in inflation is welcome, but must continue
The Fed is ready to increase monetary tightening if necessary
It is too early to bet on the start of monetary policy easing
The risks of inflation being too high or too low are now equalised
Powell says he expects spending and production to decline over the next year
Powell says the job market is declining but is still strong
Labor market conditions 'very strong'
We need to see inflation fall further towards 2%.
Inflation is falling but core inflation rates remain strongly elevated
Uncertainty about future economic outlook 'unusually high'
The Fed has made significant progress towards reducing inflation
The Fed is in no hurry. We get what we want now
The data will be the arbiter of whether the Fed did what was required or not
Inflation is still far from target but is moving towards it
I am surprised that inflation has declined this year as the labor market continues to be strong and growing
