Powell spoke last night

4. The Federal Reserve has the tools to gradually achieve 2% inflation (to strengthen market confidence)

5. It is difficult to estimate the current neutral interest rate level (the Federal Reserve has not found an interest rate level that neither restricts nor stimulates the economy)

6. Expect some necessary slowdown in the job market (prevent Friday’s non-farm payroll data)

7. It is expected that we will not need a significant increase in unemployment (the Fed’s strategy to combat inflation is not at the expense of a significant increase in unemployment)

8. The next peak rate in the dot chart may be higher than in December (this is something everyone on Wall Street knows)

9. There is no sign in the data that the Fed is tightening too much (no raising interest rates too much)