holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% at the September FOMC meeting and responds to questions."As we get closer to the stance of policy that's appropriate, risks become more two-sided."
"Risk of overtightening and undertightening is becoming more equal, need to find our way to the right level of restriction.""Energy prices are very important for consumers.""If energy prices increase and stay high will affect spending, may affect inflation expectations.""Rise in long-term yields is mostly not about inflation expectations, more about growth, supply of treasuries.""We are not looking for a decrease in consumer spending.
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