- Analytics
- News and Tools
- Market News
- Powell speech: Tightening in credit conditions may mean monetary tightening has less work to do
Powell speech: Tightening in credit conditions may mean monetary tightening has less work to do
FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve's decision to raise the policy rate by 25 basis points to the range of 4.75-5% following the March policy meeting.
Key quotes
"Last two weeks will cause a weigh on demand and inflation."
"Need for further hikes will be based on actual and expected effects of credit tightening in particular."
"Focus is on the words 'may' and 'some' as opposed to 'ongoing' increases."
"Our statement was trying to reflect uncertainty in outlook from banking strains."
"It's possible that banking stresses ebb and we have more work to do; opposite may also be true."
"Possible tightening in credit conditions may mean monetary tightening has less work to do."
"We are really focused on potential credit tightening and what that can produce."
"With banks, we are focused on our financial stability tools."
"At the meeting, I heard a significant number of people anticipating tightening credit conditions."
"This was included in their projections."
"Therefore, they were including that foreceast for tighter credit conditions in their forecasts."
"But banking strains are so recent, there is so much uncertainty."
© 2000-2024. 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
