Powell Regales Sintra

Jerome Powell regaled the ECB's annual central banking conference in Sintra on Wednesday. His remarks were mostly perfunctory. Markets expected very little, if anything, from Powell. There are only so many ways to say the same thing, and he's not an especially gifted off-the-cuff speaker. Between June's FOMC press conference, two days of congressional testimony and now Sintra, Powell was compelled to paraphrase himself and otherwise summarize the consensus among his colleagues three more times