this post was submitted on 19 Jun 2023
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FOMC Press Conference June 14, 2023 (www.youtube.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Transcript: https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20230614.pdf

Link goes to the start of Powell's statement. A few minutes later, the press Q-and-A session begins, and goes for about 50 minutes.

TL;DR: Pause on Federal Funds Rate, but Powell expects additional hikes this year.

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