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Powell opening statement: The full effect of our tightening has yet to be felt

Powell opening statement: The full effect of our tightening has yet to be felt
Without price stability, the economy doesn't work for anyoneWe've covered a lot of ground and the full effect of our tightening has yet to be feltStill a strong pace of jobs growthLabor demand still 'substantially' exceeds supplyThe process of getting back to 2% inflation "still has a long ways to go"Strongly committed to getting inflation back to targetWe have been seeing the effects of our policy on demand, particularly in most rate-sensitive sectors. It will take time to be feltThe statement... Read More
Posted: Jul 26 2023, 18:32
Author Name: forexlive
Views: 080860

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