02:48:28
Fed Chairman Powell: The neutral interest rate may have risen, and the neutral interest rate may be higher than long-term interest rates.
02:47:52
Fed Chairman Powell: Regarding (the level of) the neutral interest rate, we won’t know until we get there.
02:47:39
Federal Reserve Chairman Powell: Strong economic activity is the main reason for the need to take more interest rate measures.
02:46:48
Fed Chairman Powell: As the inflation target approaches, we have the ability to act cautiously.
02:46:21
Fed Chairman Powell: I wouldn’t take a (potential) interest rate hike too seriously.
02:45:50
Fed Chairman Powell: We are very close to where we think we need to be.
02:45:25
Fed Chairman Powell: Officials want to be careful not to jump to any conclusions.
02:43:42
Fed Chairman Powell: Most policymakers believe it is more likely to raise interest rates again (this year).
02:42:25
Fed Chairman Powell: Economic activity is stronger than everyone expected.
02:42:19
Fed Chairman Powell: We need real interest rates to remain positive “for some time.”
02:41:53
Fed Chairman Powell: Real interest rates are now "substantively positive."
02:41:21
Fed Chairman Powell: We want to see convincing evidence that we have reached the appropriate level.
02:41:19
Fed Chairman Powell: We have not made a decision on whether interest rates are restrictive enough.
02:40:51
Fed Chairman Powell: Keeping interest rates unchanged does not mean we have reached the restrictive stance we seek.
02:40:28
Federal Reserve Chairman Powell: Will maintain restrictive interest rates until confident that inflation will fall to 2%.
02:39:07
Fed Chairman Powell: Lowering inflation requires a period of below-trend GDP growth.
02:38:16
Federal Reserve Chairman Powell: The Fed’s forecasts are not plans and policies will be adjusted as appropriate.
02:38:13
Fed Chairman Powell: Stay alert to uncertainty.
02:38:05
Fed Chairman Powell: Ready to further raise interest rates if appropriate.
02:38:01
Fed Chairman Powell: We will make decisions meeting by meeting.