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Powell: Right Thing Now Is To Move "Carefully"

FED

After multiple questions that aren't directly related to monetary policy, Powell Q&A begins getting more into current policy - but still very broad strokes and not much new:

  • "Policy is at a restrictive level...inflation is still running well above target...but it's moving in the right direction. We think the right thing now is to move carefully, let the data tell us what the story is...whether we need to do more...
  • "I would characterize it as moving carefully...let the data reveal the appropriate path. We don't need to be in a rush."

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