SUMMARY OF FED CHAIR POWELL'S COMMENTS (10/19/23):

1. "Additional evidence" of strong economy may merit rate more hikes
2. Return to 2% inflation will require below-trend growth
3. Committed to "sufficiently restrictive policy"
4. "May still be meaningful tightening in the pipeline"
5. Summer inflation data was promising, September less encouraging
The Fed is committed to their 2% inflation target.