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FED: Chair Powell Talks On The Restrictiveness Of Fed Policy

FED
  • Q: Is eyeing just 1 cut this year and acknowledging inflation progress suggesting that you concluded you weren't quite as restrictive as you needed to be?
    • A: I would be reluctant to try to draw that conclusion. ..we think we've been making progress toward the inflation goal, and then for a while there was a pause. And we look at today's CPI and we think, well, that's a good reading and we hope we get more like that. In the meantime we're asking, is our policy stance about right, and I think we think yes, it's about right.  We're prepared to adjust it as appropriate, but we think we're getting the things that we would want to get, broadly speaking, and that's why we've been at this policy rate right now for almost a year.
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