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FED: Powell Says Path Ahead Will Depend On The Way The Economy Evolves

FED
  • Q: Is the March SEP a better guide to the rate path than the June SEP?
    • A:  I would just say really the path ahead is going to depend on the way the economy evolves.  I can't really give you any better forward guidance on it than that.  We didn't do an SEP at the meeting.  We'll do another one in September.  I would just say I can imagine the scenario in which there would be everything from zero cuts to several cuts depending on the way the economy evolves.  And I wouldn't want to lay out at a baseline path for you there today.  I've said what I can say about September and about today.

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