🚨🇺🇸Here is the full coverage of #JeromePowell Powell's speech, in addition to journalists' questions and his responses to them.📍🇺🇸 The #USGDP Federal Reserve is committed to returning inflation towards its specified target and optimal exploitation of the labor market.📍🇺🇸In light of recent developments, the US Federal Reserve has become more cautious.📍🇺🇸Additional tightening of monetary policy will depend on how economic data develops.📍🇺🇸Recent data indicates that economic activity is growing at a very strong pace.📍🇺🇸Conditions in the labor market are still very strong, although the pace has clearly slowed.​📍🇺🇸Demand for employment still exceeds supply.📍🇺🇸US inflation is still higher than its target.📍🇺🇸Inflation has moderated clearly during the recent period.Some positive data does not mean that we have achieved our goal.📍🇺🇸We still have a lot of time to achieve the inflation target.The US Federal Reserve understands the difficulty of inflation for citizens.📍🇺🇸The US Federal Reserve raised interest rates significantly to control high inflation.📍🇺🇸The US Federal Reserve is committed to a tightening monetary policy in an attempt to control inflation and move towards its specified target.📍🇺🇸 The lack of calm conditions in the labor market may represent a danger to achieving the US Federal Reserve’s inflation target.📍🇺🇸The US Federal Reserve is monitoring local and global developments very carefully.📍🇺🇸The upcoming interest rate decisions will be taken at each meeting separately, and will depend on the upcoming economic data.📍🇺🇸The US Federal Reserve is committed to returning inflation towards its specified target, and this may require that conditions in the labor market weaken slightly.📍🇺🇸 We understand that the decisions of the US Federal Reserve affect all citizens.📍🇺🇸All decisions taken by the Fed are consistent with its commitments to achieving the goals of inflation and optimal exploitation of the labor market.🚨🇺🇸Jerome Powell answers journalists’ questions:📍🇺🇸Inflation has clearly decreased, but it is still above its target.📍🇺🇸Unemployment has risen slightly, but conditions in the labor market are still very strong.📍🇺🇸The US Federal Reserve is not yet sure that it has reached the peak of raising interest.📍🇺🇸 Tight monetary policy should remain for a while.We will take a decision to tighten monetary policy further if this is appropriate to curb high inflation.📍🇺🇸We have a lot of economic data, whether inflation data, labor market data, or economic growth data.📍🇺🇸All of this data affects interest decisions.📍🇺🇸Making a decision to raise interest again may depend on the pace of upcoming data.📍🇺🇸Economic recession is not among our basic scenarios.📍🇺🇸Financial conditions are very restricted at the moment and this can be clearly seen.📍🇺🇸It seems that our monetary policy is starting to affect the economy, but the American economy appears to be stronger and more resilient than we thought.📍🇺🇸We are dealing with the current economic situation as it currently is.📍🇺🇸If members of the US Federal Reserve see that the economic situation requires raising interest again, it will take a decision to do so.📍🇺🇸The current question currently is to what extent the US Federal Reserve can raise the interest rate.📍🇺🇸The next question will be to what extent the US Federal Reserve can maintain high interest rates.📍🇺🇸I think that the thinking might be to raise the interest rate once additionally, not twice.📍🇺🇸 The US Federal Reserve is monitoring geopolitical tensions as they occur in Russia and Ukraine and between Hamas and Israel.📍🇺🇸The best task the US Federal Reserve can do for the United States is to restore the goal of price stability.📍🇺🇸We are trying to restore the inflation target without unemployment rising too high.📍🇺🇸Economic growth is very strong.📍🇺🇸 Most likely, we may need economic growth to slow down and conditions in the labor market to calm down, in order for us to restore the inflation target.📍🇺🇸We are currently working together to achieve the inflation goal.📍🇺🇸We may need some slowdown until the goal of price stability is achieved.📍🇺🇸Economic data is what will tell us what to do and whether we will continue to raise interest or not.📍🇺🇸 Interest expectations for US Federal Reserve members may change based on economic developments.📍🇺🇸 Interest expectations were changed during the quarterly meetings of the US Federal Reserve based on economic developments.📍🇺🇸The US Federal Reserve moves each meeting individually, and this depends on the economic data.📍🇺🇸The US Federal Reserve is moving very cautiously, and monetary policy is tightening at the present time, and we are seeing its repercussions on the American economy currently.📍🇺🇸We monitor many economic conditions and developments.