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Powell Sees Guidance as "Durable" and providing "Significant Support"

FED

Q: Should we expect any further changes in fwd guidance, such as the Evans Rule?

A: The forward guidance we adopted today is appropriate, powerful. Effectively, what it says is that we'll keep policy where it is now until labor market conditions reach levels that are consistent with the committee's assessment of national unemployment until it's on track to go above 2% moderately for some time so that's very strong forward guidance, "and we think that will be durable guidance that will provide significant support to the economy in coming years so that's really our thinking"

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