Comments from Powell
- Job growth has been 'well above' pace needed to sustain labor force
- We expect that the job market will remain strong
- Foreign growth is on 'a firm trajectory'.
- Raising rates too slowly would raise the risk of having to tighten too quickly later
- Baring a very significant change in the outlook, we don't intend to alter balance sheet runoff process
- Full text of the opening statement
Nothing surprising in the opening statement.