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USD/RUB Slips, Approaches April Lows


‌‌(M1)‌‌ Resistance Remains Intact

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  • WSJ's Timiraos is gamely trying to coax a dovish comment out of Powell, but Powell says "I'm trying to make it as clear as possible" on the guidance for tapering asset purchases, and communicating the sense of progress toward goals well before any taper...
  • Says "will take some time" to get there, haven't been making much progress on goals so far. Asked about incoming data... "Realistically, it's March, and we're going to start in the next few months to see stronger employment, we're going to want to see substantial further progress in employment and prices".