Powell: You will see continued expeditious progress towards higher rates

• We are strongly committed to reducing inflation
• Price stability is the bedrock of the economy
• We understand the full scope of the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term problem
• Most recent indicators suggested we needed to accelerate pace of rate hikes
• There are parts of the economy where demand exceeds supply and that's what we're focused on
• We haven't yet seen impacts of China lockdowns on supply chains but there are signs of a pickup in Chinese growth now
• Want to raise rates to a 'modestly restrictive level'
• We don't think it's necessary to provoke a recession but we think it's essential to achieve price stability
• Asked about 100 bps, said he will never take anything off the table

The comments are ongoing. I'll try to stick to the relevant ones.