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Powell: expect Fed to move carefully, patiently, with a lot of advance warning
POWELL SAYS EXPECT FED TO MOVE CAREFULLY, PATIENTLY, WITH A LOT OF ADVANCE WARNING
— Breaking Market News (@breakingmkts) February 23, 2021
Added at 11:08am
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) February 23, 2021
- Labor market still has a long way to go
- Expect the Fed to move carefully, patiently, and with a lot of advance warning#Fed $USD
Added at 11:09am
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) February 23, 2021
- Rising Treasury yields are due to rising inflation expectations and confidence in stronger economic growth
- The Fed looks at a range of indicators, not just yield levels#Fed $USD
Added at 11:21am
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) February 23, 2021
- The Fed will update 2021 GDP growth forecast, could be in the range of 6%
- To get back on a sustainable fiscal path, we need to get the economy growing faster than the debt
- Deficits "certainly matter" in the long run#Fed $USD