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Powell Says Fed Doesn't Watch Any One Market


Q: On recent market volatility, financial conditions tightening that might be desirable for your goals?

  • A: We always ask if we're seeing changes that are both persistent and material enough a change in financial conditions that they're inconsistent with our goals... I don't want to comment on today's conditions but we're not looking at any one market.
  • Financial conditions are reflecting in advance the decisions that we make. And monetary policy works significantly through expectations so that in and of itself is appropriate.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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