Key points from the Federal Reserve's statement

- There is no low inflation target; the target remains at 2%.

- Inflation cannot be cured with a single month of better readings.

- We are monitoring all developments and are prepared for any response.

- Markets appear to be in good shape; the labor market is strong and stable, as is the bond market.

- It is natural to have dissenting opinions within the Fed, but I am confident that we have a great team to address rising inflation, and we have seen encouraging signs regarding inflation.

- Markets have seen significant movements in the 42 days since the last Federal Open Market Committee meeting.

- We expect to achieve our goal of price stability, as the current focus is on achieving our inflation target and understanding the variables surrounding it.

- We have worked diligently to evaluate our tools, assessment strategy, and data sources, and to consider the "internal aspects" of the markets.

- Markets "can be a very good source of information."

We do not want to "muddy the waters" with our own projections, in order to maintain... Press Conferences This Year

- We are not relying on any data as a pretext or proof of the validity of our position.

- Despite differences, there is "broad agreement" within the Federal Open Market Committee on the difficult issues, and in my view, this is a period of "cautious reflection," not a period of waiting.

- The Fed continues to assess economic data and key questions to determine the appropriate course of monetary policy going forward.

- Holding interest rates steady at the current meeting does not signify the end of the monetary policy cycle, but rather the beginning of a new phase of data monitoring and decision-making based on economic developments.