November 01, 2023 18:53 GMT
Chair Powell Asked If The Fed Has A Tightening Bias
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- Q: Does the FOMC have a tightening or neutral bias?
- A: [Cites forward guidance] - that's the question we are asking. We haven't used the term [tightening bias\ but it's fair to say that the question we are asking is, should we hike more.
- Q: How are you thinking about UAW strike finishing, Middle East War, etc?
- A: Our job is to monitor these things for economic implications.... UAW strike appears to be coming to an end, Israel - Hamas tensions, oil prices have flattened out, gov't shutdown - we don't know about that one. There is plenty of risk out there. But I'd go back to the bigger picture from our standpoint which is a very strong economy etc...