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  • Powell May Be Dovish in Congress Debut of Biden Era

    From bnnbloomberg.ca

    Federal Reserve Chair Jerome Powell is likely to emphasize a dovish message to Congress in his first testimony since Democrats took control of the Senate and White House. The U.S. central bank chief, due to speak this week just as lawmakers weigh President Joe Biden’s plan for $1.9 trillion in additional pandemic aid, will probably echo recent remarks that the Fed is fully committed to supporting the economy, with the labor market far from its full employment goal and inflation below its 2% target. On Tuesday at the Senate Banking Committee and the next day at the House Financial Services panel, Powell can expect ... (full story)

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  • | IP XX.XXX.14.223
Regardless, the credibility of the Fed insofar as its independence from political considerations is much higher now than say 6 months ago. That is a most critical point to whatever stance it takes. Markets will be a lot more "sensitive" to its policy stance domestically and internationally.

The Crow (-_-)
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  • Feb 23, 9:10am (30 hr ago) Feb 23, 9:10am (30 hr ago)
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Everything is talking about inflation right now. What do you think he is going to say "Oh yes, inflation, inflation"? NO!!!!! Of course he will be dovish to calm markets.
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