Day: November 2, 2022

Powell Says Very Important That We Move Expeditiously, Have Done So

Powell Says Lot of Uncertainty with Lags of Policy Effects

FED’S POWELL: SIGNIFICANT UNCERTAINTY AROUND THAT LEVEL OF RATES

POWELL: ULTIMATE RATE LEVEL HIGHER THAN PREVIOUSLY EXPECTED

FED’S POWELL: WE STILL HAVE SOME WAYS TO GO

POWELL: BUT WE DON’T NEED INFLATION TO COME DOWN TO SLOW PACE OF INCREASES

FED’S POWELL: AT SOME POINT WILL BECOME APPROPRIATE TO SLOW PACE OF RATE HIKES

Powell Says Ultimate Rate Level Higher than Previously Expected

Powell Says Will Take into Account Cumulative Tightening

Powell Says We Still Have `Some Ways to Go’ on Rates