MNI BRIEF: Trade War To Increase Volatility Inflation -Panetta

MNI China Daily Summary: Friday, November 15

MNI BRIEF:China Optimistic On Property Despite Investment Fall

CORRECTED-MNI INTERVIEW: NBH To Hold Rates

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

Japan Sep Machine Orders -0.7% M/M

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

Powell Doesn't Expect to Raise Rates Before Taper Concludes

FED

Q: On taper, might you have to lift rates before finishing?

- A: That is not my expectation. We have haven't decided to taper yet and we haven't decided the pace yet. So it's not my expectation we would have to. We can certainly speed up or slow down the taper if it becomes appropriate.

  • Back in 2013 when we tapered, we weren't on a preset course. This is a shorter period. The economy was much further along when we tapered in 2013. It's a gradual taper when we can agree on it. We can speed it up or slow it down as needed.
  • As long as you are buying assets you are providing accommodation. It wouldn't make sense to then lift off. What you would do is speed up the taper if that is the situation you were in. We don't expect that situation, but it would be wiser at that point to go ahead and speed up the taper. So the two are then working in the same direction.
Energy BulletsCommoditiesFOMC Calendar Market News
Energy BulletsCommoditiesFOMC Calendar Market News

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.