HomeTwitterChair Powell: “This is going to be a year in which we move steadily away from the very highly accommodative monetary policy that we’d put in place to deal with the economic effects of the pandemic.”

January 26, 2022

Chair Powell: “This is going to be a year in which we move steadily away from the very highly accommodative monetary policy that we’d put in place to deal with the economic effects of the pandemic.”

.@bcheungz: "Would you describe what you want to do as a gradual hiking?"

Chair Powell: "This is going to be a year in which we move steadily away from the very highly accommodative monetary policy that we'd put in place to deal with the economic effects of the pandemic." More: pic.twitter.com/mP17XQBY8U

— Yahoo Finance (@YahooFinance) January 26, 2022

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Chair Powell: “This is going to be a year in which we move steadily away from the very highly accommodative monetary policy that we’d put in place to deal with the economic effects of the pandemic.”

"There's nothing in our framework about having inflation run below 2%," Chair Powell says. "What we're trying to do is keep inflation expectations well-anchored at 2%. That's always the ultimate goal."

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Chair Powell: “This is going to be a year in which we move steadily away from the very highly accommodative monetary policy that we’d put in place to deal with the economic effects of the pandemic.”

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"There's nothing in our framework about having inflation run below 2%," Chair Powell says. "What we're trying to do is keep inflation expectations well-anchored at 2%. That's always the ultimate goal."

Microsoft beats earnings estimates thanks to strength in the cloud.

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