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Powell Reiterates Fed In Position To Proceed Carefully

FED
  • Powell opens with typical language on the need for price stability etc., and the Fed's response to inflation. "We've covered a lot of ground and the full effects are yet to be felt."
  • Looking ahead we are in a position to proceed carefully in determining the extent of additional policy firming that may be appropriate. (That "carefully" language was used by Powell in his Jackson Hole speech)

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