Free Trial

Powell Says Want To See Real Rates Positive Across The Curve

FED

Q: How are you thinking about where the policy destination is, if inflation doesn't' perform as you expect? Policy rate above the underlying inflation rate? Do you have an estimate of where the underlying inflation rate is now?

  • A: We need to raise our policy stance to a level that is restrictive - meaning putting meaningful downward pressure on inflation. We look at broader financial conditions (real and nominal rates), credit spreads, financial condition indices. Want to see real rates positive across the yield curve. You would see that with the numbers we are writing down.

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.