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post: MORE FED'S POWELL Q&A: IN HOUSING, FOUND THERE ARE 'BIT LAGS' IN DATA THAT MAY TAKE 'SEVERAL YEARS' BEFORE IMPROVEMENTS SHOW UP #Powell #FOMC #FederalReserve post: MORE FED'S POWELL Q&A: CREDIT CARD DEFAULTS GOING UP BUT NOT AT HIGH LEVEL; HOUSEHOLD IN PRETTY GOOD SHAPE BUT NOT AS GOOD AS LAST COUPLE YEARS #Powell #FOMC #FederalReserve post: POWELL: IF WE SEE UNEMPLOYMENT MORE THAN WE FORECAST, WE WOULD VIEW THAT AS UNEXPECTED WEAKENING post: Fed’s Powell: For Fed the dollar is “just another financial variable,” the currency has been strong but “we don’t think of it as benefitting or hurting the U.S.”
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post: POWELL: WE HAD A PAUSE IN PROGRESS IN INFLATION IN FIRST QUARTER, TAKEAWAY WAS THAT IT WILL TAKE LONGER TO GET TO RATE CUTS post: POWELL: RATE CUTS HAVE MOVE LATER BECAUSE OF SLOWER PROGRESS ON INFLATION POWELL: TODAY WAS A BETTER INFLATION REPORT THAN ALMOST ANYONE EXPECTED post: POWELL: PEOPLE ARE COMING TO THE VIEW THAT RATES ARE LESS LIKELY TO GO DOWN TO PRE-PANDEMIC LEVELS post: POWELL: IMPROVEMENT IN INFLATION HAS BEEN COMING FROM UNWINDING OF PANDEMIC DISTORTIONS, COMPLEMENTED BY MONPOL POWELL: INFLATION’S ALSO IMPROVING BECAUSE OF POSITIVE SUPPLY SHOCK POWELL: THESE INFLATION DYNAMICS CAN CONTINUE post: POWELL: WE DON’T KNOW IF WE’RE DOWN TO DEMAND DETERMINING INFLATION