More from Powell: We don’t want to be too risk averse

• It’s very hard to know what the economy is going to do
• I have always felt there was a pathway to getting inflation back to 2% without the kind of pain that has been typical
• A hard landing scenario isn’t a likely scenario
• I am very happy doing this job
• Will stay in office until May of 2026
• When the Fed gets confidence in inflation it will be time to move
• The eurozone went through a significant period of lower growth, is in a different position than the US

Powell has highlighted the improvement in CPI and said they’re getting data that makes them more confident ‘lately’.

This article was written by Adam Button at www.forexlive.com.