Free Trial

Powell Stopping Short of Explicitly Dovish Commentary

FED
  • 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".

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.