Powell: Getting Inflation Back Down Has A Long Way To Go

Futures are lower the day after the latest Fed rate hike. Liz Ann Sonders discusses major takeaways from Powell's speech. Powell noted that our future policy actions will depend on how events unfold and conditions in the banking sector have improved. He also mentions that the process of getting inflation back down to 2% has a long way to go, but the Fed is committed to it. Liz Ann also talks about how ECB raised rates 25BPS. She then looks at the Productivity and Costs for 1Q23 report, which was released today, May 4th. Tune in to find out more about the stock market today.