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Powell Dismisses Question On Market Pricing, Focused On Job At Hand

FED
  • Q: Are you broadly comfortable with market pricing of easing?
    • A: We've had a see-saw thing, back-and-forth over the course of the year of markets moving away and moving back. And I would just say we focus on what we have to do and how we need to use our tools to achieve our goals, and that's what we really focus on. And people are going to have different forecasts about the economy. In any case, we have to do what we think is right. And in the long run it's important that financial conditions become aligned or are aligned with what we're trying to accomplish. In the long run they will be, but in the meantime there can be back-and-forth.
  • Powell asked about whether he thinks inflation is coming down credibly: "I welcome the progress.. 6-month numbers are very low, 12-month are well above 2%, above 3% on core through November PCE. The progress is great, we just need to see more.

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