At the Federal Reserve, we are strongly committed to achieving such monetary policy goals as maximum employment and price stability.

We are aware of all the risks, including high inflation and the size of our balance sheet.

We have to act on the facts on an ongoing basis and make decisions based on the goals and the state of the economy.

The economy has shown great strength, but inflation is also much higher than our targets.

There will be a rate hike in March, but only if the conditions are appropriate.

We take into account the financial situation, including its impact on our goals.

Reduction in balance will occur over time in a predictable manner.

We take into account different decision-making scenarios and all risk factors.

A large number of jobs are still unfilled and we expect, that more people will be involved and the unemployment rate will fall.

We are confident that the supply chain problems will end this year. This will happen gradually.

The inflation target is 2%.

Let us not forget the situation when a lockdown was introduced and people lost their jobs.

The economy suffered a serious shock. As a result, we had to prevent the worst from happening.

The result of our actions is a rapid economic recovery with the negative phenomenon of inflation.

We have to make decisions easily and quickly. Asset bubbles in the markets are a threat to financial stability!

We, of course, have a financial stability framework. And what it shows is a number of positive aspects of financial stability.