Fed Chair Powell (Q&A) says if progress on inflation is not seen, we will not see a rate cut

Fed Chair Powell (Q&A) says no one knows the economic impact of the Middle East conflict; says 'we just don't know' what effects energy rise will have on consumers' consumption and disposable income

Fed Chair Powell (Q&A) says part of the oil shock is in the forecast for higher inflation, but also, Fed has not seen the hoped for progress on lowering prices

Fed Chair Powell (Q&A) says if progress on inflation is not seen, we will not see a rate cut

Fed Chair Powell (Q&A) says Well aware that a series of inflation shocks have interrupted progress, there will be some effects on inflation coming forward

Fed Chair Powell (post-meeting statement) says economy is expanding at a solid pace, inflation remains somewhat elevated; policy stance remains appropriate