Fed Chair Powell (Q&A) says real wages have been rising, will take some years of real earnings gains for people to feel good again

• People are feeling squeezed, makes Fed more committed to bringing inflation down

Fed Chair Powell's remarks indicate a commitment to addressing inflation, noting that rising real wages still leave many feeling financially strained. This sentiment suggests the Fed may maintain a hawkish stance in its policy approach, affecting both interest rates and the USD's performance in the forex market.