TechFlow news, according to Jinshi Data, protesters interrupted the speech and Federal Reserve Chair Powell was escorted out.
Earlier, Federal Reserve Chair Powell stated that if there is additional evidence showing a strong economy, rate hikes could be warranted. The path of disinflation may be "bumpy" and will take time. Yields have significantly contributed to tightening financial conditions; the FOMC remains firmly committed to achieving the 2% inflation target. Given the extent of rate hikes so far and associated risks, the FOMC is proceeding "cautiously." Geopolitical tensions are "highly elevated," posing a key risk. Further evidence of growth above trend or a labor market that is no longer loosening could necessitate further monetary policy tightening.
