Federal Reserve Chairman Powell: Three large banks (failures) were at the core of the stress in early March, and they have all been resolved now.

Federal Reserve Chairman Powell: Our job now is to identify regulatory and regulatory fixes and implement it.

Fed Chairman Jerome Powell: We need to factor in the credit crunch to determine whether our policy stance is restrictive enough.

Fed Chairman Jerome Powell: A particular focus now and going forward is the situation with tighter credit.

Federal Reserve Chairman Powell: The increase in profits is the result of high demand and low supply.

The central bank of the United Arab Emirates raised its benchmark interest rate by 25 basis points.

Federal Reserve Chairman Powell: Credit tightening complicates the assessment and increases uncertainty.

Federal Reserve Chairman Powell: The assessment of whether stricter policies are needed will be ongoing and will be conducted at each meeting.

Federal Reserve Chairman Powell: Many banks are now focusing on liquidity issues.

The central bank of Saudi Arabia announced a 25 basis point hike in the repurchase rate.

Fed Chairman Jerome Powell: Economist forecasts for this meeting (a mild recession) are broadly similar to those in March.

Fed Chairman Powell: Statement changes are meaningful.

Fed swaps suggest the odds of a rate hike in June have risen to around 10%.

Federal Reserve Chairman Powell: The extent of the (banking crisis) impact is uncertain.