🦇 #Fed Conference with J.By Powell. Part 3

✖ The inability to control inflation is a significant risk of seeing its further growth.

✖ Inflationary risks have become two-sided.

✖ We feel that we are on the way to greater progress in our fight against inflation.

✖ Inflation expectations are at a good level.

✖ In the range of neutral rate estimates - the policy is restrictive.

✖ The dynamics of the PO increase has indeed decreased significantly over the past 18 months.

✖ In the future, it may turn out that the LABOR MARKET will become a more important factor for reducing inflation.

✖ RISKS are becoming more balanced.

✖ It is not yet clear how the conflict in the Middle East will affect the US economy.