Powell Q&A: The current labor market is much tighter and hotter than pre-pandemic

• Ultimately if you want a strong labor market, you have to have price stability
• Having a strong labor market is important and a big focus
• What we are seeing from Ukraine looks like a classic supply shock
• We want to be very careful to get policy where it needs to be, not comfortable with looking through the shock
• I don't have a test for what would trigger a 50 bps hike
• We may well reach the conclusion we need to move more quickly
• Best thing we can do to keep strong market is stabilize prices
• In the medium term, I don't see a conflict between employment and inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term goals

There's nothing new here but it's clear that global central bankers all see the Ukraine situation as inflationary and that's the right call.