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So, Powell gives no quarter to all those........>

FED
FED: So, Powell gives no quarter to all those suggesting asset purchases would
be announced today, though as he suggested, we'll probably figure out over the
next 6 weeks whether they should have gone further in taking action on the
funding situation. Took great pains to disassociate this week's problems with
real economic impact / monpol.
- Importantly, he kept repeating data-dependence, which is probably inevitable
given the split in the FOMC and the steady flow of decent data. But for a rates
market that came in pricing more than a mid-cycle adjustment, that's a
disappointment.

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