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From think.ing.com|8 hr agoFollowing Friday’s jobs report we have started to get the reactions of Federal Reserve officials and today it is the turn of Chair Jerome Powell. Speaking to the Economics Club of Washington he again stated that they “probably need to do further interest rate increases” with the strong jobs number underscoring there is a “significant road ahead” to get ...
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From @sevenloI|10 hr ago|3 commentstweet at 12:49pm: Fed's Powell: - Will Take Certainly Into Next Year to Get Down Close to 2% - The Labor Market is Strong Because the Economy is Strong - Good That Disinflation Has Begun Without Damage to Jobs Market tweet at 12:50pm: Fed's Powell: - There is Now a Shortage of Workers, Feels More Structural Than Cyclical - The Pandemic Has Left a Lasting Market on Labor Supply in the U.S., Shortage Feels "Structural" - Right Now the Labor Market is at Least at Maximum Employment, if Not Beyond tweet at 12:53pm: Fed's Powell: - Big Part of Inflation Is Related to Pandemic Itself - Have Not Put A Dollar Number On A Balance Sheet Target - A "Couple of Years" Before Fed Nears End of Balance Sheet Decline tweet at 12:57pm: Fed’s Powell: - No One Should Think Fed Can Step in in Debt-Default Case - Not Looking For Any Changes to Federal Reserve Act - Fed System Institutionalizes Diversity of Thought - Ethics Rules Are Best in Class for Institution Like Fed tweet at 12:59pm: FED'S POWELL: THE FED HAS THE TOOLS TO ACHIEVE ITS 2% TARGET OVER TIME, BUT GLOBAL EVENTS INFLUENCE INFLATION.
