Free Trial
BUNDS

Greek/Bund spread tightest since mid August

EQUITY TECHS

E-MINI S&P (Z2): Bullish Outlook

CORN TECHS

(Z2) Remains Vulnerable

NATURAL GAS

Warm Weather Aided EU Gas Demand Savings

EQUITIES

US Cash opening calls

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FED
  • Last Q: What would you say to those who may lose their jobs in the fight against inflation?
  • A: The first thing I'd say to every household is that we know that inflation is too high. We understand how painful it is, particularly for people who are living paycheck to paycheck and spend most of that paycheck on necessities. Middle class and better-off people have some resources where they can absorb these things. Many people don't have those resources.
  • It's our job, our institutional role, we're assigned uniquely and unconditionally, the obligation of providing price stability to the American people.* There'll be, in all likelihood, some softening in labor market conditions. We need growth to slow to below potential growth.
  • We don't want this to be bigger than it needs to be, but ultimately, if you think about the medium and longer term, price stability is the thing that makes the whole economy work. It's what can give us a strong labor market and wages that aren't being eaten up by high inflation. If you talk to people who are making relatively low wages, they're the ones who are suffering the most from inflation. So, it's all the more reason why we need to move on this.
  • Q&A Ends

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.