Statements from Fed Chair Jerome Powell:
• If the economy remains strong and inflation doesn’t move toward the 2% target, we may maintain a tight policy stance for longer.
• No rush to adjust policy.
• Unemployment rate is low and stable.
• The Fed will complete its framework review by the end of summer.
• The framework review will not focus on the inflation target.
• The inflation target will remain at 2%.
• We are well-positioned to handle risks and uncertainties.
• The U.S. economy is generally strong.
• Policy is well-positioned to address risks and uncertainties.