Fed's Powell:

- We view the Federal Reserve's current policy as restrictive.

- Neutral interest rates should have increased at least in the short term.

Fed's Powell:

- The economy appears to be growing around 2% and with inflation and employment these are good numbers.

- The Fed wants to rely more on inflation.

Fed's Powell:

- I have some confidence that inflation will fall, but I'm not ready to say I have enough confidence that it will fall sustainably to 2%.