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Fed’s Powell: In Principle Can Think of Banking Strain as Equivalent to a Rate Hike
Fed’s Powell: In Principle Can Think of Banking Strain as Equivalent to a Rate Hike
— *seven (@sevenloI) March 22, 2023
- Need for Further Hikes Will Be Based on Actual and Expected Effects of Credit Tightening In Particular
- Focus on the Words 'May' and 'Some' as Opposed to 'Ongoing' Increases
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Fed's Powell: Our Statement Was Trying to Reflect Uncertainty in Outlook From Banking Strains
— *seven (@sevenloI) March 22, 2023
- Possible Tightening in Credit Conditions May Mean Monetary Tightening Has Less Work to Do
- At Meeting I Heard a Significant Number of People Anticipating Tightening Credit Conditions
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FED'S POWELL: TIGHTER CREDIT CONDITIONS WERE INCLUDED IN OUR PROJECTIONS.
— Breaking Market News (@financialjuice) March 22, 2023
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FED'S POWELL: MOST OF THE INTERMEETING PERIOD POINTED TO HIGHER RATES.
— Breaking Market News (@financialjuice) March 22, 2023
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FED'S POWELL: RATE HIKES ARE WELL TELEGRAPHED, MANY BANKS ARE ABLE TO HANDLE THIS.
— Breaking Market News (@financialjuice) March 22, 2023