BREAKING: FED Chairman Jerome Powell Makes Hot Remarks – LIVE

FED Chairman Jerome Powell is speaking at a hearing of the Senate Finance, Housing and Urban Affairs Committee, here are the highlights from his speech:

Long-term inflation expectations appear robust.
The FED\’s framework review will not focus on the inflation target and the inflation target will remain at 2%.
Existing policies are fully prepared to deal with risks and uncertainties.
If the economy remains strong and inflation does not approach 2%, policy could be maintained cautiously for an extended period. If the labor market weakens unexpectedly or inflation falls more than expected, policy could be eased modestly.
Overall, the US economy is strong and the inflation rate is close to the 2% target, but we are still a bit high.
The unemployment rate remains low and stable, the labor market is strong and has not become a source of inflationary pressure.

*This is not investment advice.