Conference with J. Powell
🚨 CONDITIONS IN THE BANKING SECTOR HAVE GENERALLY IMPROVED.
🚨 WE ARE COMMITTED TO LEARNING THE RIGHT LESSONS.
🚨 WE ARE COMMITTED TO BRINGING INFLATION DOWN TO 2%.
🚨 FURTHER RATE HIKES ARE ALL DEPENDENT ON INCOMING DATA.
🚨 THE DUAL MANDATE IS IN PLACE.
🚨 LABOR MARKET REMAINS "VERY TIGHT."
🚨 WAGE GROWTH IS SHOWING SIGNS OF WEAKENING. THE NUMBER OF VACANCIES IS DECLINING.
🚨 THERE IS STILL A LONG WAY TO GO TO GET INFLATION DOWN TO 2%.
🚨 WE ARE WILLING TO DO MORE IF NECESSARY.
🚨 IT WILL TAKE MORE TIME TO SEE HOW TIGHTENING THE DCP WILL AFFECT THE US ECONOMY!
🚨 THE EVENTS IN THE BANKING SEGMENT WILL FURTHER TIGHTEN FIN.CONDITIONS.
