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FOMC: Accelerated growth seen, only slight change in tightening outlook


Powell says one-time increases in prices likely to have only transient impact on inflation
Powell says a transitory rise in inflation above 2% will not meet standard for raising rates
Powell says economy is a long way from employment, inflation goals
Powell says not time to start talking about taper yet
Powell says we will want to provide as much advance notice of taper as possible
Powell says when we see data that shows we are on track to achieving substantial progress, we will say that
Powell says ‘strong bulk’ of FOMC is not showing a rate increase through 2023
Powell says we will have something to announce on leverage ratio in coming days ....

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