Federal Reserve Chair Jerome Powell stated that if the economy remains solid and inflation persists, the Federal Reserve is prepared to maintain the current interest rates for as long as necessary. Powell emphasized the Fed's commitment to being highly attentive to inflation risks. He also noted that the Federal Reserve is equally prepared to consider rate cuts if economic conditions change.
🇺🇸 FED'S JEROME POWELL JUST SAID: - IF THE ECONOMY REMAINS SOLID AND INFLATION PERSISTS, WE WILL KEEP RATES WHERE THEY ARE FOR AS LONG AS NEEDED
Fed Chair Powell: "If economy remains solid and inflation persists, will keep rates where they are for as long as needed."
Powell: “If the economy remains solid and inflation persists we’re prepared to maintain the current target rate”
Fed's Powell: If the economy remains solid and inflation persists, we're prepared to maintain the rate where it is as long as appropriate. The opposite is also true in terms of rate cuts. https://t.co/PSccQzv6ru
Powell: if economy remains solid and inflation persists, will keep rates where they are for as long as needed
POWELL: IF ECONOMY REMAINS SOLID AND INFLATION PERSISTS, WILL KEEP RATES WHERE THEY ARE FOR AS LONG AS NEEDED
FED'S POWELL: IF EOCNOMY REMAINS SOLID AND INFLATION PERSISTS, PREPARED TO MAINTAIN RATE WHERE IT IS AS LONG AS APPROPRIATE
POWELL: REMAIN HIGHLY ATTENTIVE TO INFLATION RISKS