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Transcript: Fed Chief Powell’s Post-Meeting Press Conference
Transcript: Fed Chief Powell’s Post-Meeting Press Conference
September 20, 2023, 5 p.m. ET
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WSJPro
Federal Reserve Chairman Jerome Powell explained why the central bank decided to keep interest rates at their highest level in 22 years during a news conference Wednesday after his policy meeting. Powell said the Fed could afford to pause its rate-hike campaign to assess how it was working, but stressed that it would take time to bring inflation back to 2% sustainably and that the central bank was prepared to increase rates further. Here is a transcription of his remarks.
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