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Powell Says Economy No Longer Needs Very Accommodative Stance

FED

- Q: Could you like to see financial conditions tighten more in order to achieve your goals?

  • A: Policy reaches the real economy through financial conditions. It's appropriate to move away from pandemic financial conditions; yes that will lead to some tightening of financial conditions.
  • The economy no longer needs or wants a very accommodative stance, so it's time to move to a more normal setting. We look at a broad range of financial conditions.

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