Free Trial

MNI PODCAST: FedSpeak - Powell Sets Path For Pause, Swonk Says

  • Fed advisor Diane Swonk says she expected the Fed to pause but instead they delivered "the most dovish hike" possible.
  • Chair Powell has set the course of an imminent end to rate hikes, and will likely be forced to cut rates before year end, Swonk said.
  • Banking sector turmoil could lead to a deeper credit crunch curtailing economic activity more sharply than Fed officials had anticipated, Swonk said.
Listen to the full podcast here.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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.