00:51:01
Fed Chairman Powell: We know the Fed’s actions are having a negative impact on parts of the economy.
00:50:52
Fed Chairman Powell: The purpose of tightening policy is to affect economic conditions.
00:50:37
Fed Chairman Powell: Higher bond yields are leading to the tightening of financial conditions the Fed wants to see.
00:50:23
Fed Chairman Powell: Raising interest rates will be difficult for everyone.
00:50:09
Fed Chairman Powell: Overseas purchases of U.S. Treasury bonds remain strong.
00:49:55
Fed Chairman Powell: We want to return to a state of long-term price stability.
00:49:12
Fed Chairman Powell: The Fed must restore price stability.
00:49:00
Fed Chairman Powell: Business leaders tell me the economy remains strong.
00:47:40
Fed Chairman Powell: The Fed will let market yields do their thing and keep a close eye on it.
00:46:31
Fed Chairman Powell: Markets are seeing economic resilience and are revising their views.
00:46:22
Federal Reserve Chairman Powell: It is unclear whether bond yields will continue to rise and there is volatility in the market.
00:45:33
The inversion between the U.S. 2-year and 10-year Treasury yields is the smallest since 2022.
00:44:47
Fed Chairman Powell: The rise in bond yields does not appear to be related to market expectations for further interest rate hikes by the Fed.
00:44:05
Fed Chairman Powell: Bond yields do not indicate monetary policy views.
00:43:37
Fed Chairman Powell: The main reason for rising bond yields is not expectations that the Fed will take more action.
00:42:43
Fed Chairman Powell: Rising bond yields are tightening financial conditions.
00:42:33
Fed Chairman Powell: A strong economy may be part of the reason for rising yields.
00:38:20
Fed Chairman Powell: Our economy is doing very well.
00:37:30
The U.S. 30-year Treasury bond yield rose 10 basis points to 5.10%.
00:33:59
Fed Chairman Powell: The evidence you have seen with your own eyes shows that the economy can handle higher interest rates.