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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
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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