Fed Chair Powell says still a long way from Fed goals
- Expect as economy picks up and will see inflation move up
- more likely inflation increases will be one time
- more likely inflation increases will be one time
- It will take some time to get back to max employment
- Highly unlikely to get to max employment this year
- Highly unlikely to get to max employment this year
- Would be concerned by disorderly conditions in financial markets
- Any changes in Fed's QE would need actual progress toward goals
- If the Fed does see transitory increases in inflation, expects the Fed will be patient
- If the Fed does see transitory increases in inflation, expects the Fed will be patient
- Not appropriate to isolate one interest rate or price
- Won't raise rates until conditions fulfilled
- Won't raise rates until conditions fulfilled
- Current policy stance is appropriate
- Financial conditions are highly accommodative and that's appropriate
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