02:37:50
Fed Chairman Powell: Given the progress we have made, the FOMC decided to keep interest rates unchanged.
02:37:49
Federal Reserve Chairman Powell: The FOMC will continue to make decisions one by one.
02:37:24
Fed Chairman Powell: The Fed expects core PCE to rise 3.9% year-on-year in August.
02:36:54
Fed Chairman Powell: We are committed to achieving and maintaining policies that are sufficiently restrictive to bring inflation down to 2% over time.
02:36:21
Fed Chairman Powell: Inflation has eased since the middle of last year.
02:36:08
Fed Chairman Powell: The current policy stance is restrictive.
02:35:44
Fed Chairman Powell: I am very aware that high inflation causes significant difficulties for people.
02:35:06
Fed Chairman Powell: Long-term inflation expectations remain well anchored.
02:35:00
Fed Chairman Powell: There is still a long way to go to reduce inflation to 2%.
02:34:55
Fed Chairman Powell: Nominal wage growth is showing some signs of slowing.
02:34:12
Fed Chairman Powell: Recent consumer spending data has been particularly strong.
02:34:06
Spot gold rebounded by US$4 in the short term to US$1,945.49 per ounce.
02:33:55
Federal Reserve Chairman Powell: The unemployment rate remains at 3.8%, still low.
02:33:20
The U.S. dollar index DXY fell 16 points in the short term to 104.89.
02:32:56
Federal Reserve Chairman Powell: U.S. economic activity has been growing at a solid rate.
02:32:40
Federal Reserve Chairman Powell: Housing market activity has picked up.
02:32:38
Federal Reserve Chairman Powell: U.S. real GDP growth exceeded expectations.
02:32:30
Fed Chairman Powell: We can proceed with caution.
02:32:22
Fed Chairman Powell: Our decisions will be based on data and risk assessment.
02:32:08
Fed Chairman Powell: The Fed has made great progress, but its full impact has yet to be felt.
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