Fed's Powell Says Transitory Rise in Inflation Will Not Warrant Rate Hike
(Updated - March 17, 2021 2:56 PM EDT)
(Updated - March 17, 2021 2:49 PM EDT)
(Updated - March 17, 2021 2:34 PM EDT)
- Fed's Powell Begins Press Conference
- Fed Strongly Committed to Achieving Policy Goals
- Worst Economic Outcomes Have Been Averted
- Fed Will Provide Economy Support As Long as it Takes
- Vaccines Offer Hope to More Normal Ways
- Economic Recovery Remains Uneven
- FOMC GDP Forecasts Have Been Revised Up Notably
- Unemployment Rate Remains Elevated
- One-Time Increase in Prices Will Have Transient Overall Impact
- Expect to Maintain Accommodative Policy
- Transitory Rise in Inflation Will Not Warrant Rate Hike
- Economy is a Long Way From Employment, Inflation Goals
- Not Time to Talk About Tapering Bond Buying
- Fed Wants to See Actual Progress, Not Forecast Progress
- Strong Bulk of FOMC Doesn't See Rate Hike
- to Have Something to Announce on SLR in Coming Days
- Laid Out Clear Guidance on Rate Liftoff
- Fed Will Wait to Hike Until Requirements Are Clearly Met
- Talking About Inflation is One Thing, Actually Having Inflation Above 2% is Another
- Unemployment, Participation Will Take a While to Drop
- Would be Concerned by Disorderly Market Conditions
- Financial Conditions Remain Highly Accommodative
- Asset Purchases Currently Appropriate Across the Curve
- Highly Uncertain Economic Situation, Effects Estimates
- Will Not Make Decision on Liftoff for Some Time
- Dots Aren't a Promise or Prediction of FOMC Policy
- Asset Values by Some Measures Are Elevated to History
- Household, Business Debt Don't Appear to be Troubling
- Don't Read Too Much into Dot-Plot
- Relationship Between Low Rates and Financial Instability Isn't as Close as it Once Was
- Tight Connection Between Low Unemployment and Inflation is Long Gone
- Can't Put a Pin on Calendar, Not Appropriate to Point to Dates Yet
- Until We Give a Signal, You Can Assume We are Not There Yet
- Inflation Expectations Strongly Anchored Around 2%
- Really Strong Economic Data is Coming
- You'll See People Reluctant to Raise Prices
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