Statements by Fed Chairman Jerome Powell

Powell: We are absolutely committed to returning inflation to 2% target

Powell: The economy will not revive without price stability.

Powell: The policy situation is restrictive.

Powell: The effects of the tightening are not being fully felt yet.

Powell: We are proceeding cautiously amid uncertainties.

Powell: The economy grew well above expectations.

Powell: Supply and demand conditions in the workforce continue to become better balanced.

Powell: Nominal wage growth shows some signs of easing

#Powell: Labor demand still exceeds supply.