Quoted By:
Good evening Ladies and Gentlemen, my name is Jay Powell.
After 9 months of peak fed funds rate, inflation coming in at 3,4% as well as core at 3,6% I'm now highly convinced that we are now back on a sustainable path to 2% inflation and that lowering rates, will in no way or form under any circumstances be detrimental to the goal we set. I also do firmly believe that the strong dumps in yoy inflation from 2023, from 4,9 to 3%, will certainly not completely fuck up the numbers for 2024. If inflation should come in above 3% this will absolutely be an unforseeable surprise nobody could have ever thought of.
