Powell speech: FOMC is “of a mind” to raise rates at the March meeting

In his usual post-Fed meeting press conference, Fed Chair Jerome Powell said on Wednesday that the FOMC is "of a mind" to raise interest rates at the March meeting. 

Additional Remarks:

"The ultimate focus we have is on the real economy."

"Financial conditions matter to the extent they have implications for fed's two goals."

"Financial conditions matter when they affect dual goals."

"We are not looking at any one market."

"Our communications with markets is working."

"Financial conditions are reflecting in advance the Fed's decision."

"We will make the decision whether to raise rates at the March meeting."

"We do expect some softening from Omicron, but think it will be temporary."

"We have our eye on risks around the world, but the economy should hold up."