Powell speech: What we do on QE should already be baked into markets

FOMC Chairman Jerome Powell is responding to questions after delivering the US Federal Reserve's semiannual Monetary Policy Report to the US House Committee on Financial Services.

Key quotes

"Even after wave of labor supply comes, likely will still be short of full employment."

"Inflation is currently well above 2%."

"Very hard to forecast long-term rates."

"To some extent what we are going to do on QE should already be baked into markets."

"It's clear that investments in good infrastructure can add to the economic potential."

About Jerome Powell (via Federalreserve.gov)

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.