Fed's Powell: Strong growth in income and jobs continues, further gradual hikes will be appropriate

The Federal Reserve Chairman Jerome Powell is now delivering his speech at the Jackson Hole Symposium with key quotes, via Reuters, found below.

• Real wages, particularly for medium- and low-income workers, have grown quite slowly in recent decades.
• ‘Good reason’ to expect strong economy to continue.
• No clear sign of inflation accelerating above target
• My colleagues and I are carefully monitoring incoming data.
• Strong growth in income and jobs continues, further gradual hikes will be appropriate.
• We are setting policy to do what monetary policy can do to support continued growth, a strong labor market, and inflation near 2 percent.