04:17:14
Fed Chairman Powell: We have seen a "significant increase" in consumer confidence.
04:16:40
Fed Chairman Powell: Rising consumer confidence can support spending.
04:16:03
Fed Chairman Powell: One reason for lack of consumer confidence is high prices.
04:15:00
Fed Chairman Powell: Inflation forecasts may be revised downwards given current data.
04:14:31
Fed Chairman Powell: If we get very strong inflation data and inflation picks up, we will slow down or delay cutting interest rates; and vice versa.
04:13:44
Fed Chairman Powell: I don’t think it’s necessary to reduce the size of overnight reverse repurchases to zero before shrinking the balance sheet.
04:13:28
Federal Reserve Chairman Powell: Not paying attention to the issue of the third term of the Federal Reserve Chairman.
04:03:43
Fed Chairman Powell: We will react based on the data.
04:03:34
Fed Chairman Powell: There are risks that could slow us down or speed up our rate cuts.
04:03:18
Fed Chairman Powell: Cutting interest rates in March is not a "base case."
03:57:51
Fed Chairman Powell: It will be unexpected for inflation to rise again.
03:57:48
Federal Reserve Chairman Powell: More worried that inflation will remain high and stable.
03:56:22
Fed Chairman Powell: Wages are returning to levels consistent with 2% inflation.
03:56:15
Analyst Enda Curran: It sounds like there is a heated discussion among Fed policymakers about when rates should be cut, but Powell also hinted that the committee is still some way away from reaching a consensus.
03:54:57
Fed Chairman Powell: Job vacancies have not fully returned to previous levels.
03:54:40
Fed Chairman Powell: It may take several years for wage setting to fully recover.
03:53:42
Fed Chairman Powell: When the impact of the above situation gradually subsides, our tightening of interest rates will become more obvious.
03:53:18
Federal Reserve Chairman Powell: A lot of the economic growth we are seeing is due to the post-epidemic recovery.
03:52:42
Federal Reserve Chairman Powell: The impact of interest rates on interest-rate sensitive industries has already appeared.
03:51:29
Fed Chairman Powell: We are not declaring victory in the fight against inflation.