Federal Reserve Chairman Jerome Powell holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchange
holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% at September FOMC meeting and responds to questions."Reducing inflation is likely to require a period of below trend growth, some softening of labor conditions."
"The fact that we decided to keep policy rate .where it is doesn't mean we have decided we have, or have not, reached stance of policy we are seeking.""We are not making a decision about if rates are sufficiently restrictive.""Need to see more progress before we will be ready to reach conclusion we are sufficiently restrictive.""Would not want to say Summary of Economic Projections is a plan.
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