Free Trial

Powell Defends Fed Policy Stance

FED
  • Q on the $120bn pace of purchases, Powell says that Fed's current policy stance is "appropriate". (Basically reading off the Jan FOMC statement at this point.)
  • Asked what to do if things changed "materially", says would use its tools to foster achievement of our goals.
  • Questioning now moving on to what Fed policy means for workers (which is the subject of the WSJ event)... So that's probably all for market interest in the Powell appearance

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.