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Powell Q&A: In my opinion, the policy appears to be restrictive and is hurting demand.

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  • Comments from Powell

  1. Citing the JOLTS report, which includes quits as an indication that the labor market is gradually improving its balance.
  2. It is evident that our current policy is restrictive, and over time, it may become even more so, with data supporting this observation.
  3. We are dedicated to maintaining the current restrictive policy for as long as it remains suitable, and we will continue to do so.
  4. In my opinion, it is improbable that the next policy adjustment will involve a rate hike.
  5. I believe that concrete evidence would be necessary to prove that our policy is not restrictive enough, and at present, I do not think such evidence exists.
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