03:45:18
Fed Chairman Powell: There is always the possibility of a recession next year.
03:45:10
Apple (AAPL.O) shares hit a record high, with a market value of $3.07 trillion.
03:43:41
Fed Chairman Powell: The next question is when to roll back policy.
03:42:56
Fed Chairman Powell: Interest rate cuts are beginning to come into view.
03:42:50
Fed Chairman Powell: No one has declared victory in the fight against inflation, it would be too early.
03:42:39
Fed Chairman Powell: We still have a way to go.
03:42:33
Federal Reserve Chairman Powell: Policymakers are thinking and discussing when it is appropriate to cut interest rates.
03:41:56
Fed Chairman Powell: We remain focused on whether interest rates are high enough.
03:41:24
Fed Chairman Powell: We added the word "any" to indicate that we believe rates may be at or near their peak.
03:40:17
Sources: The Argentine government will seek to increase export taxes on corn and wheat to 15%, while leaving taxes on soybeans unchanged.
03:38:56
Fed Chairman Powell: Decisions will be made meeting by meeting.
03:37:49
Fed Chairman Powell: Will maintain tightening policy until there is confidence in the path to the 2% inflation target.
03:37:44
Fed Chairman Powell: Ready to tighten policy further if appropriate.
03:37:30
Fed Chairman Powell: We believe our policy rate is at or near its peak.
03:36:34
Fed Chairman Powell: Long-term inflation expectations appear to remain stable.
03:36:14
Fed Chairman Powell: We expect it will take some time to bring inflation back to 2%.
03:36:00
Fed Chairman Powell: Lower inflation data in recent months is welcome.
03:34:48
Fed Chairman Powell: Nominal wage growth appears to be slowing.
03:33:53
Fed Chairman Powell: Activity in the housing sector has leveled off.
03:33:51
Federal Reserve Chairman Powell: Higher interest rates also put pressure on corporate fixed investment.