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Powell Repeats Similar Notes From Oct 19 Speech, Committee Proceeding Carefully

  • Powell notes that evidence of growth persistently above potential, or labor tightness no longer easing, could warrant further tightening.
    • Notes financial conditions have tightened; could have implications for mon pol; we monitor financial developments closely.
    • Notes that the Committee is proceeding carefully, going meeting-by-meeting.
  • Powell has basically just repeated the same notes from his Oct 19 speech and Q&A: on proceeding "carefully", and more recently, noting progress on the dual mandate objectives, while having a long way to go. And almost exact same language on financial conditions. Not much new/surprising here yet.
  • Q&A begins

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