Jerome Powell: ‘It Is Too Soon To Say What Will Be the Appropriate Path for Monetary Policy’

TRANSCRIPT:

POWELL: "It is too soon to say what will be the appropriate path for monetary policy. We understand the benefits of a solid economy where workers can find jobs and inflation is low and predictable. We also understand that elevated levels of unemployment or inflation can be damaging and painful for communities, families, and businesses. That is why we at the Fed will continue to do everything we can to achieve our maximum-employment and price-stability goals."