Quotes from the news wire:
The costs of bringing it down, there are real costs to bring it down to 2%, but the costs of failing are much higher.
Found on CNN 1 year ago
There are no rabbits to be pulled out of hats here, that would be a rabbit coming out of a hat.
Found on CNN 1 year ago
The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated.
Found on CNN 1 year ago
If we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have to do more and raise rates more.
Found on CNN 1 year ago
We had a labor market with 3.5% unemployment in 2018 and ’19, and we had inflation just barely getting to 2%, and wages moving up for most of the people at the lower end of the spectrum, we all want to get back to that place.
Found on CNN 1 year ago
There has been an expectation that [inflation] will go away quickly and painlessly; I don’t think it’s guaranteed that’s the base case, it will take some time.
Found on CNN 1 year ago
We didn’t expect it to be this strong, it kind of shows you why we think that this will be a process that takes a significant period of time.
Found on CNN 1 year ago
Home sales continue to decline, prices are moderating and consumer confidence is low, but, amid waning demand, there are still potential homebuyers on the sidelines waiting to jump back into the market.
Found on CNN 2 years ago
We anticipate that ongoing increases in the target range for the federal funds rate will be appropriate, the pace of those increases will continue to depend on the incoming data and the evolving outlook for the economy.
Found on CNN 2 years ago
The Fed is still far away from the amount of slack they need in the labor market and from the 2 % inflation target.
Found on CNN 2 years ago
We know that the path has clearly narrowed, really based on events that are outside of our control, and it may narrow further.
Found on CNN 2 years ago
I think we understand better how little we understand about inflation.
Found on CNN 2 years ago
Frankly, the events over the last few months have made it more difficult for us to achieve what we want, which is 2 % inflation and still a strong labor market.
Found on CNN 2 years ago
Inflation has obviously surprised to the upside over the past year, and further surprises could be in store, we therefore need to be nimble in responding to incoming data and the evolving outlook.
Found on CNN 2 years ago
At The Fed, we understand the hardship high inflation is causing, we are strongly committed to bringing inflation back down, and we are moving expeditiously to do so.
Found on CNN 2 years ago
I think that what's becoming more clear is that many factors that we don't control are going to play a very significant role in deciding whether that's possible or not.
Found on CNN 2 years ago
I think events of the last few months have raised the degree of difficulty, created great challenges, and there's a much bigger chance now that it will depend on factors that we don't control.
Found on CNN 2 years ago
The Consumer Price Index's our job to make sure that inflation of that unpleasant high nature doesn't get entrenched in the economy.
Found on CNN 2 years ago
It's our job to make sure that inflation of that unpleasant high nature doesn't get entrenched in the economy.
Found on CNN 2 years ago
I'd like to take this opportunity to speak directly to the American people, inflation is much too high and we understand the hardship it is causing, and we're moving expeditiously to bring it back down.
Found on CNN 2 years ago
I'd like to take this opportunity to speak directly to the American people, inflation is much too high, and we understand the hardship it is causing. We are moving expeditiously to bring it back down.
Found on CNN 2 years ago
The near-term effects on the Federal Reserve Chairman Jerome Powell economy of the invasion of Ukraine, the ongoing war, the sanctions, and of events to come, remain highly uncertain, given the current situation, we need to move carefully.
Found on CNN 2 years ago
We're on an unsustainable path, debt is not at an unsustainable level, but the path is unsustainable -- meaning it's growing faster than the economy, meaningfully faster than the economy. We have to address that over time. We will address it over time. And the better way to do it is soon.
Found on CNN 2 years ago
I would say the committee is of a mind to raise the federal funds rate at the March meeting, assuming that conditions are appropriate for doing so.
Found on CNN 2 years ago
Like most forecasters we continue to expect inflation to decline over the course of the year.
Found on CNN 2 years ago
The risk of a successful cyberattack... would be very difficult to deal with, we know how to deal with bad loans and things like that. I think if a cyberattack that were to take down a major financial institution or financial market utility, that would be really significant financial stability risks that we haven't actually faced yet.
Found on CNN 2 years ago
But for people who are at the margins, the low- to moderate-income community, that's not enough, they need a chance.
Found on Reuters 4 years ago
We try to create a strong labor market, for many, many people, and many, many communities that's enough.
Found on Reuters 4 years ago
It's not impossible that we could come to a view that the LCR is calibrated too high, but that's not something we think right now.
Found on Reuters 5 years ago
It isn't obvious at all from our current regulatory system that we have in place what we need to assess or oversee this.
Found on CNN 5 years ago
I don't know the right way to get at this, this is a question we're going to have to get our arms around. It's one of the reasons we're working on it now.
Found on CNN 5 years ago
Libra's a new thing; we are looking at it very carefully, given the possible scale of it, I think that our expectations — from a consumer protection standpoint, from a regulatory standpoint — are going to be very, very high.
Found on Reuters 5 years ago
Authority for overseeing Libra is going to be in a number of places, but I think that the big picture is we are going to be looking really carefully at it.
Found on Reuters 5 years ago
What we've done is we've said that we're going to wait and see how those conditions evolve before we make any changes to our interest rate policy, and that means patient.
Found on CNN 5 years ago
Eventually expansions come to an end, the business cycle has not been repealed. But I would say there's no reason why this economy can not continue to expand.
Found on CNN 5 years ago
More plentiful jobs and rising wages are drawing more people into the work force, business-sector productivity growth, which had been disappointing during the expansion, moved up. ... Rising productivity allows wages to increase without adding to inflation pressures.
Found on Reuters 5 years ago
Meetings between presidents and The Federal Reserve chairs do happen, but nothing's been scheduled.
Found on CNN 5 years ago
What do you do ? you slow down. You maybe go a little less quickly. You feel your way. Under uncertainty of this kind, you be careful. I think that's what we've been doing.
Found on CNN 5 years ago
Most participants viewed the recent softness in these price data as largely reflecting idiosyncratic factors...however, several participants expressed concern that progress...might have slowed and that the recent softness in inflation might persist.
Found on Reuters 7 years ago
Despite some signs of improvement overall, 46 percent say they would struggle to meet emergency expenses of $400, and 22 percent of workers say they are juggling two or more jobs.
Found on Reuters 8 years ago
Because of their significant concern about still-low readings on actual inflation and the uncertainty and risks present in the inflation outlook, they agreed to indicate that the Committee would carefully monitor actual and expected progress toward its inflation goal.
Found on Reuters 8 years ago
Members expressed their intention to carefully monitor actual and expected progress toward the committee's inflation goal.
Found on Reuters 8 years ago
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