ETC/EUR

tweet 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.