After the FOMC meeting on November 7 Chair Powell began the press conference with an opening statement that presented a review of the progress monetary policy had achieved in the last two years. “ The Fed has been assigned two goals for monetary policy—maximum employment and stable prices. We remain committed to supporting maximum employment and bringing inflation sustainably to our 2 percent goal. We continue to be confident that with an appropriate recalibration of our policy stance, strength in the economy and the labor market can be...
