FOMC Remains "Strongly Committed" To Bringing Inflation To 2%, Jerome Powell Says

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FOMC Remains "Strongly Committed" To Bringing Inflation To 2%, Jerome Powell Says

Seeking Alpha2023-05-19

Failure to get inflation down to the Federal Reserve's 2% target would "prolong the pain" and the hardship that Americans experience when prices aren't stable, Federal Reserve Chair Jerome Powell said...

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Comment（5）

Sphere
·2023-05-20
Hmm
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little giant
·2023-05-19
Big traps
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Solitrex BMF
·2023-05-19
Futures are up. Market is taking this as a positive sign.
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- Chou93:
  ok
  2023-05-20
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- Chou93:
  okk
  2023-05-20
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Beibeier
·2023-05-19
Crash ?
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Benkrupt
·2023-05-19
Faster go place more FDs n TBillls. Good old days will gradually end soon!
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So far, data seems to support the committee's view that it will take time to lower inflation to its target, he added.11:36 AM ET: Powell said the FOMC has come a \"long way\" in its policy tightening and reiterated that the FOMC will make its rate decisions meeting-by-meeeting.11:32 AM ET: Powell emphasized the Fed's responsibility to provide transparency to the public, building on the increased communication started by Alan Greenspan, then Ben Bernanke, then Janet Yellen.However, \"communication comes with the potential for miscommunication and reduced flexiblity,\" he said.It proved a \"useful and effective tool\" in the Fed's current tightening cycle.11:19 AM ET: Supply shocks could persist, as we can't know how persistent they'll be, he said.11:16 AM ET: Liquidity tools are separate from the Fed's monetary policy instrument. 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Market is taking this as a positive sign.","listText":"Futures are up. Market is taking this as a positive sign.","text":"Futures are up. Market is taking this as a positive sign.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9970241080","repostId":1170947548,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106367209,"gmtCreate":1684541825052,"gmtModify":1684541831688,"authorId":3573702517760821,"author":{"id":3573702517760821,"idStr":"3573702517760821","authorId":3573702517760821,"name":"Chou93","avatar":"https://static.tigerbbs.com/da0d57ab58055f8c2c7aa96613e46a29","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.10%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970241080,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":106367210,"gmtCreate":1684541827653,"gmtModify":1684541830002,"authorId":3573702517760821,"author":{"id":3573702517760821,"idStr":"3573702517760821","authorId":3573702517760821,"name":"Chou93","avatar":"https://static.tigerbbs.com/da0d57ab58055f8c2c7aa96613e46a29","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.10%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9970241080,"type":1,"supId":0,"prevId":0,"content":"okk","text":"okk","html":"okk"}],"langContent":"EN"},{"id":9970243255,"gmtCreate":1684509565577,"gmtModify":1684509569934,"author":{"id":"3565321567361366","authorId":"3565321567361366","name":"Beibeier","avatar":"https://static.tigerbbs.com/8193a35e5d394f803bb5b4dc1a364677","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3565321567361366","authorIdStr":"3565321567361366"},"htmlText":"Crash ?","listText":"Crash ?","text":"Crash ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970243255","repostId":1170947548,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970243909,"gmtCreate":1684509430702,"gmtModify":1684509435083,"author":{"id":"3581494539071297","authorId":"3581494539071297","name":"Benkrupt","avatar":"https://static.tigerbbs.com/ecc5f7c4203ce3649c15d43f04544925","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581494539071297","authorIdStr":"3581494539071297"},"htmlText":"Faster go place&nbsp;more FDs n TBillls. Good old days will gradually end soon!","listText":"Faster go place&nbsp;more FDs n TBillls. Good old days will gradually end soon!","text":"Faster go place more FDs n TBillls. Good old days will gradually end soon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970243909","repostId":1170947548,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":82,"commentSize":5,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}