- We are strongly committed to reducing inflation
- Price stability is the bedrock of the economy
- We understand the full scope of the inflation problem
- Most recent indicators suggested we needed to accelerate pace of rate hikes
- There are parts of the economy where demand exceeds supply and that's what we're focused on
- We haven't yet seen impacts of China lockdowns on supply chains but there are signs of a pickup in Chinese growth now
- Want to raise rates to a 'modestly restrictive level'
- We don't think it's necessary to provoke a recession but we think it's essential to achieve price stability
- Asked about 100 bps, said he will never take anything off the table
The comments are ongoing. I'll try to stick to the relevant ones.
