Fed Chairman Jerome Powell: We do try to be transparent in our response mechanisms.

Fed Chairman Powell: The main focus must be on getting the policies right.

Federal Reserve Chairman Powell: In 2022 and this year, many analysts believe that lower wage growth is important to reduce inflation.

Federal Reserve Chairman Powell: In 2021, inflation will be higher because of strong demand for commodities.

Federal Reserve Chairman Powell: Forecasts of falling inflation have been wrong for the past two years.

Fed Chairman Jerome Powell: We want to get inflation down to 2% with minimal damage to the economy.

Fed Chairman Powell: We will take a more modest pace of rate hikes.

Federal Reserve Chairman Powell: The factors we need to bring inflation down are at work, and it will take some time for inflation to come down.

Fed Chairman Powell: It may be reasonable to continue to raise interest rates, but at a more moderate pace.

Fed Chair Jerome Powell: Moderate rate hikes make sense as we get closer to target.

Federal Reserve Chairman Powell: Seeing signs of a balance between supply and demand in the job market.

Fed Chairman Powell: Most policymakers expect moderate economic growth to continue.

Fed Chairman Powell: Housing market activity remains weak.

Federal Reserve Chairman Powell has already entered, and the press conference is about to begin.