MNI BRIEF: BOJ To Adjust Easy Policy Cautiously - Nakamura

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI BRIEF: Fed's Daly Says No 'Urgency' To Lower Rates

MNI BRIEF: Powell Says US Is 'Far' From Fiscal Dominance

MNI BRIEF: US Firms Wary of Tariff-Related Inflation - Fed

MNI:AUSTRALIA OCT TRADE BALANCE A$+5953

EZ/UK Bond Supply Calendar: Spain, France Auction, UK Tender

US EIA: CRUDE OIL STOCKS EX SPR -5.07M TO 423.4M NOV 29 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Powell Says Fed Can Be Cautious In Finding Neutral

Fed chair says the U.S. economy is in remarkably good shape.
USCentral Bank NewsPolicy NewsHomepageFederal ReserveEM Policy NewsEM BriefBriefStoryNorth America

MNI (WASHINGTON) - Federal Reserve Chair Jerome Powell said Wednesday the central bank is on a path to bring interest rates back down to a more neutral level over time but because the economy appears stronger than previously thought it can move more cautiously. 

"The economy is strong and it's stronger than we thought it was going to be in September," he said in Q&A at a New York Times DealBook Summit. "The labor market is better and the downside risks appear to be less in the labor market. Growth is definitely stronger than we thought and inflation has come in a little higher. So, the good news is that we can afford to be a little more cautious as we try to find neutral." 

Keep reading...Show less
206 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (WASHINGTON) - Federal Reserve Chair Jerome Powell said Wednesday the central bank is on a path to bring interest rates back down to a more neutral level over time but because the economy appears stronger than previously thought it can move more cautiously. 

"The economy is strong and it's stronger than we thought it was going to be in September," he said in Q&A at a New York Times DealBook Summit. "The labor market is better and the downside risks appear to be less in the labor market. Growth is definitely stronger than we thought and inflation has come in a little higher. So, the good news is that we can afford to be a little more cautious as we try to find neutral." 

Keep reading...Show less