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Fed's Powell: No particular 'plan' to raise rates a specific number of times

While speaking at The Economic Club of Washington, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, reiterated that there was no particular plan to raise rates a specific number of times.

Key quotes (via Reuters)

  • Labour market by many measures ‘very strong’; see continued momentum in economic data.
  • I don't try to lobby other FOMC participants.
  • Market inflation expectations suggest current stance of monetary policy is too hawkish.
  • Fed has ability to be patient given inflation data.

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