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Fed's Powell: We have an unconditional commitment to fighting inflation
Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 23, 2022
- We have an unconditional commitment to fighting inflation
- The labor market is unsustainably hot
Added at 10:30am
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POWELL: SIGNIFICANTLY MORE CHALLENGING TO BRING DOWN INFLATION WITHOUT IMPACTING THE LABOR MARKET
— *Walter Bloomberg (@DeItaone) June 23, 2022
Added at 10:35am
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FED'S POWELL Q&A: SOME OF INFL IS OUT OF FED'S CONTROL, LIKE ENERGY; EUROPEAN COUNTRIES HAVE VARYING HIGH RATES OF INFLATION; FED HAS TOOLS VS DEMAND #Powell #federalreserve
— Mace News (@MaceNewsMacro) June 23, 2022
Added at 10:36am
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Fed's Powell:
— DailyFX Team Live (@DailyFXTeam) June 23, 2022
- The impact of shrinking the balance sheet will be marginal compared to impact of rising interest rates
- US inflation is a consequence of very strong demand
Added at 10:42am
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POWELL: OUR INTENTION IS TO ACHIEVE A SOFT LANDING
— *Walter Bloomberg (@DeItaone) June 23, 2022
POWELL: PATH TO DO THAT HAS GOTTEN MORE AND MORE CHALLENGING
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