"New Bond King" Gundlach: The current shape of the government bond yield curve is very unstable.

Economists at Wells Fargo said the Fed appears to be taking a "hawkish pause," but the bar for further rate hikes is getting higher.

Fed Chairman Powell: Oil prices have little reaction to the Palestinian-Israeli conflict.

Federal Reserve Chairman Powell: It is unclear whether the conflict in the Middle East will have an economic impact on the United States.

Gina Bolvin, President of Bolvin Wealth Management Group: The Fed acknowledges that financial conditions have tightened, which may prevent high-risk assets from rebounding in the short term. A hold on the federal funds rate so far would also leave fixed income and equity markets unchanged. The Fed may be done raising interest rates.

Fed Chairman Powell: I don’t think there are structural changes in consumption, and we may be underestimating the strength of the balance sheets of households and businesses.

Fed Chairman Powell: Because the final neutral level of interest rates is "unpredictable." We focus on observing the data and giving ourselves some more time to parse the data in order to decide on a policy stance.

Fed Chairman Powell: Policy is tightening within the range of estimates of the neutral interest rate, but the estimate of the neutral interest rate must be taken with a grain of salt.

Federal Reserve Chairman Powell: The risks are now more two-sided, and there is a choice between doing too much and doing too little.

Fed Chairman Powell: Surveys show that the public generally believes that inflation will fall, which is critical to winning this battle.

Fed Chairman Powell: It will take some time for inflation to come down, and the good news is we are making progress.

Fed Chairman Powell: The banking system is very resilient and we don’t have any reason to think that these interest rate increases will make a material difference to the situation.

Fed Chairman Powell: We have been working closely with financial institutions to ensure that they have good funding plans.

Fed Chairman Powell: We never look at changes in long-term Treasury yields in isolation, we consider them as part of a broader picture.

Federal Reserve Chairman Powell: Regarding new regulatory measures (Basel Accord), we will reach a plan that has broad support.

Fed Chairman Powell: The dot plot is a temporal description of appropriate policies based on the personal views of policymakers.

"Fed Mouthpiece" Nick Timiraos: As far as I know, Powell has said almost nothing about the forecast of one more interest rate increase shown in the dot plot in September. He simply said they would release a new forecast in December.

Fed Chairman Powell: This is one reason why we are slowing down the process this year. We cannot act in a hurry.

Fed Chairman Powell: We must formulate policy under huge uncertainty.