More from Powell

  • Sees the pace of tightening roughly in line with dot plot
  • Fed is doing a good job on communication
  • Market volatility on rate hike is unlikely to hurt the economy
  • The taper tantrum did not leave any lasting effects
  • Fed doesn't control volatility but we control communication
  • Doesn't think equity values are overvalued overall
  • Fed is transparent and works as well as any government agency

Jerome H Powell