‘Is This It?’ Jerome Powell Signals Fed On Hold Until Something (Else) Crazy Happens

‘Is This It?’ Jerome Powell Signals Fed On Hold Until Something (Else) Crazy Happens

"Monetary policy is in a good place", Jerome Powell said, kicking off another one of his signature "plain English" press conferences following a third consecutive rate cut from the Fed. That assessment skewed hawkish, as did the removal of language promising to "act as appropriate" from the statement. "The current stance of monetary policy is likely to remain appropriate", Powell said, adding that  "monetary policy acts with a lag" and that "the effects will be realized over time". Read more
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints