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MNI POLICY: Fed Chair Powell Urges Gradual......>

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FED: MNI POLICY: Fed Chair Powell Urges Gradual Hikes; Near Neutral
- Federal Reserve Chair Jerome Powell reiterated Wednesday that gradual
tightening remains the best approach as interest rates enter neutral territory
and the U.S. economy continues to perform above potential.
- In a highly-anticipated speech, Powell gave no hint that the Fed was
reevaluating its outlook for policy or considering an imminent pause in planned
rate increases. He also did not respond to overnight criticism from President
Donald Trump blaming stock market declines and factory closures on rate hikes.
- For more see MNI Main Wire at 1200EST/1700GMT or contact us.

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