- Analytics
- News and Tools
- Market News
- Powell speech: Nothing about data suggests we've tightened too much
Powell speech: Nothing about data suggests we've tightened too much
FOMC Chairman Jerome Powell testifies on the Semi-annual Monetary Policy Report before the US Senate Banking Committee.
Key quotes
"Nothing about data suggests we've tightened too much; rather suggests we have more work to do."
"Data so far suggests we'll have a higher terminal rate in our next Summary of Economic Projections."
"Inflation is extremely high and hurting working people of this country badly."
"We are taking only measures we have to bring inflation down."
"Working people will not be better off if we don't get inflation down."
Market reaction
The US Dollar rally continues during Powell's testimony with the US Dollar Index rising nearly 1% on the day at 105.30.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
