Jerome Powell: “Longer-term interest rates are a good deal higher now, driven largely by real rates given the stability of longer-term…”

we don’t take into consideration political factors

I want to hand over to my successor an economy in good shape.

Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.

I have nothing for you on that today.