15 BULLISH Things Jerome Powell Has Said (or Could Say) that are DOVISH
Statements that imply easing, rate cuts, or confidence inflation is falling
1. “We are seeing clear and sustained disinflation in several key components.”
2. “The balance of risks to our dual mandate is becoming more two-sided.”
3. “The labor market is cooling, and wage growth is moderating.”
4. “We are prepared to adjust policy as needed to support the economy.”
5. “Inflation expectations remain well anchored, which gives us flexibility.”
6. “We don’t need inflation to be at 2% to begin reducing the policy rate.”
7. “Policy is already in a restrictive stance, and real rates are near their peak.”
8. “We see risks of overtightening and will take them into account.”
9. “Several indicators show supply and demand in labor markets are coming into better balance.”
10. “The committee expects it will likely be appropriate to begin dialing back policy restraint at some point next year.”
11. “We are seeing meaningful softening in job openings, quits, and hiring rates across sectors.”
12. “Wage growth has moderated significantly, reducing the risk of labor-driven inflation.”
13. “Labor-market conditions are normalizing, with supply and demand moving into better balance.”
14. “Recent increases in unemployment claims suggest the job market is cooling faster than previously expected.”
15. “The slowing pace of job creation indicates the economy no longer requires such a restrictive stance.”
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