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Powell Questioned On The Fed's Threshold For Further Hikes

FED
  • Q: What is the threshold to more hikes? Could rate cuts be pulled forward vs September SEP?
    • A: We're looking at the broader picture, with progress toward the 2% goal. We look at growth as far as the implication for our dual mandate goals, look at broader financial conditions, we reach a judgment - if we reach that judgment, we will tighten policy.
    • The FOMC is not thinking about rate cuts right now, at all. We are not talking about rate cuts. First question, have we achieved a sufficiently restrictive stance. Second Q, how long will we remain restrictive. Honestly we're tightly focused on the first question.

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