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https://www.wsj.com/articles/transcript-fed-chief-powells-postmeeting-press-conference-1b9b2bd1

Transcript: Fed Chief Powell’s Postmeeting Press Conference

Federal Reserve Chairman Jerome Powell discussed why the central bank raised interest rates by a quarter percentage point and why it expects more increases to bring inflation down to its 2% target, at a news conference Wednesday after the Fed’s policy meeting. Mr. Powell also said the Fed is keeping a close watch on conditions in the banking system, and is ready to deploy its tools to keep it safe and sound. Depositor savings are safe and there is ample liquidity in the system, he also said. Here is a transcript of his remarks.

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