Fed's Powell:
-We view the Federal Reserve's current policy as restrictive.
-The neutral interest rate should have increased at least in the short term.
Fed's Powell:
-The economy seems 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 yet ready to say I have enough confidence that it will fall sustainably to 2%.