First the Fed stated inflation is transitory which ended up WRONG. Now they stated they may pull off a tender touchdown on Economic system.
POWELL: INFLATION HAS SURPRISED TO UPSIDE AND FURTHER SURPRISES COULD BE IN STORE
— *Walter Bloomberg (@DeItaone) Could 4, 2022
FED’S POWELL: WE’LL HAVE TO LOOK INTO THAT AND SEE IF WE CAN GET SOME PRICE STABILITY OUT OF IT, BUT THIS WILL BE CHALLENGING.
— Breaking Information | FinancialJuice (@Financialjuice1) Could 4, 2022
Powell sees sturdy jobs, sturdy economic system, good probability of soppy touchdown and so forth. and so forth. and so forth.
Seeks to keep away from climbing charges above impartial as a “sensible” consideration however will if crucial for “worth stability”.
— Mike “Mish” Shedlock (@MishGEA) Could 4, 2022
FED’S POWELL: SINCE THE PANDEMIC, WE’VE BEEN SLAMMED BY HISTORICALLY BIG INFLATIONARY SHOCKS.
— Breaking Information | FinancialJuice (@Financialjuice1) Could 4, 2022
Inflation without end t.co/ENAOTG4zbB
— Livingston (@RetirementRight) Could 4, 2022
Powell:
Elevating charges is disagreeable… however in the end everybody will likely be higher off.
— unusual_whales (@unusual_whales) Could 4, 2022
Jay Powell walks right into a small enterprise and says “the labor market is extremely sturdy”
ADP – Small enterprise employment fell by 120,000 in April.
You could not make it up.
Small enterprise is the lifeblood of the economic system and nonetheless accounts for 49% of personal jobs.. pic.twitter.com/fBr0RZeImP
— PPG (@PPGMacro) Could 4, 2022
