Powell Says Forecasts Are Conditional on Incoming Data

(Updated - February 7, 2023 12:43 PM EST)

Powell Says Message Was Disinflationary Process Has Begun but Has Long Way to Go

• Labor Market Extraordinarily Strong
• Probably Need to Do Further Interest-Rate Increases
• Anticipate Ongoing Rate Increases Are Appropriate
• Forecasts Are Conditional on Incoming Data

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