POWELL: IN OUR ECONOMY, THERE IS A VERY STRONG LABOR MARKET.

FED'S POWELL: THE U.S. ECONOMY IS DEMONSTRATING EXCELLENT RESULTS.

FED CHAIR POWELL: CONSUMER SPENDING AND BUSINESS INVESTMENTS ARE AT A HIGH LEVEL.

POWELL (FED'S): WHILE MANY SECTORS STILL FEEL THE LACK OF LABOR, OVERALL IT'S A GOOD PICTURE WHEN LOOKING AT THE CURRENT U.S. ECONOMIC DATA.

POWELL: THE LABOR MARKET IS CURRENTLY SIMILAR TO WHAT IT WAS BEFORE THE PANDEMIC.

FED'S POWELL: THE LABOR MARKET IS GRADUALLY RETURNING TO A BETTER BALANCE.

POWELL: WE DIDN'T EXPECT A SMOOTH PATH FOR INFLATION, WE MUST BE PATIENT AND ALLOW POLICY TO DO ITS JOB.

FED'S POWELL: INFLATION IN THE FIRST QUARTER WAS NOTABLE FOR THE LACK OF FURTHER PROGRESS.

POWELL FROM THE FED: SIGNS OF A GRADUAL COOLING IN THE LABOR MARKET ARE OBSERVED, WITH SUPPLY AND DEMAND COMING INTO BALANCE.

POWELL: MY CONFIDENCE THAT INFLATION WILL DECLINE AGAIN HAS DIMINISHED.

FED'S POWELL: WE EXPECT THE LABOR MARKET TO CONTINUE REBALANCING BUT TO REMAIN STRONG.

FED'S POWELL: WE EXPECT CONTINUED GDP GROWTH, 2% OR HIGHER.

POWELL: WE DIDN'T EXPECT A SMOOTH PATH FOR INFLATION; WE MUST BE PATIENT AND ALLOW POLICY TO DO ITS JOB.

🆘POWELL: PRODUCER PRICE INDEX DATA HAS PROVEN TO BE VERY AMBIGUOUS.

FED POWELL: I WOULDN'T CALL THE PPI READINGS HOT, BUT RATHER SOMEWHAT MIXED.

🆘🆘🆘POWELL ON WHETHER INFLATION WILL BE MORE PERSISTENT: THE FED CURRENTLY DOESN'T KNOW.

🆘🆘POWELL: RESTRICTIVE POLICY MAY TAKE LONGER THAN EXPECTED TO DO ITS JOB AND LOWER INFLATION.

POWELL: TIME WILL TELL IF OUR POLICY IS SUFFICIENTLY RESTRICTIVE.

🆘🆘🆘🆘POWELL: I DON'T THINK THE NEXT STEP WILL BE A RATE HIKE. IT'S MORE LIKELY THAT WE'LL KEEP THE RATE UNCHANGED.

POWELL: THERE ARE DELAYS BETWEEN MARKET RATE CUTS, AND IT'S TAKING LONGER THAN WE THOUGHT TO SEE THE EFFECTS.

FED'S POWELL: INFLATION IN THE HOUSING SECTOR HAS BEEN A BIT PUZZLING.🤣

🆘POWELL: I'M CONFIDENT THAT WE'LL ACHIEVE OUR GOALS.

POWELL: INFLATION IN THE NON-HOUSING SERVICES SECTOR MAY BE THE MOST PERSISTENT.