Fed Chairman Powell: We know the Fed’s actions are having a negative impact on parts of the economy.

Fed Chairman Powell: The purpose of tightening policy is to affect economic conditions.

Fed Chairman Powell: Higher bond yields are leading to the tightening of financial conditions the Fed wants to see.

Fed Chairman Powell: Raising interest rates will be difficult for everyone.

Fed Chairman Powell: Overseas purchases of U.S. Treasury bonds remain strong.

Fed Chairman Powell: We want to return to a state of long-term price stability.

Fed Chairman Powell: The Fed must restore price stability.

Fed Chairman Powell: Business leaders tell me the economy remains strong.

Fed Chairman Powell: Markets are seeing economic resilience and are revising their views.

Federal Reserve Chairman Powell: It is unclear whether bond yields will continue to rise and there is volatility in the market.

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.

Fed Chairman Powell: Bond yields do not indicate monetary policy views.

Fed Chairman Powell: Rising bond yields are tightening financial conditions.

Fed Chairman Powell: A strong economy may be part of the reason for rising yields.

Fed Chairman Powell: Our economy is doing very well.

Fed Chairman Powell: The evidence you have seen with your own eyes shows that the economy can handle higher interest rates.