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Despite this two-sided risk, the Fed Chair stressed that progress toward to 2.0% goal is not assured and that the Fed won’t hesitate to tighten policy further if this would turn out to be appropriate. On broader financial conditions, Powell indicated that the Fed takes higher long-term yields into account, but it depends on how long the market move lasts.

United statesUnited kingdomJoao galambaVitor escariaMartin wolfUniversity of michiganVice president de guindosChair powellFed chairNovember consumerReserve bankMonetary policyMarcelo rebelo de sousa