BOE Governor Bailey States That Current Policy Is Tight and Limiting

POWELL: US NOT IN RECESSION POWELL: MANY PATHS ARE POSSIBLE POWELL: COULD SEE INFLATION COME IN NOT AS STRONG AS EXPECT POWELL: IF THAT'S THE CASE THAT WOULD SUGGEST CUTTING SOONER POWELL: ALSO WEAKNING LABOR MARKET WOULD SUGGEST CUTTING SOONER POWELL: IF INFLATION, LABOR MARKET STRONG, COULD CUT LATER POWELL: FED PROJECTIONS ARE FOR INFLATION TO MOVE UP BECAUSE OF TARIFFS Fed's Powell: The significant majority of policymakers feels it will be appropriate to reduce rates later this year. The story has been evolving, and our thinking has been adapting. Fed’s Powell: Reason We Are Not Cutting Rates Is That Forecasts In And Out Of Fed Expect Meaningful Increase In Inflation This Year - Existing Data Make Good Argument For Rates At Neutral

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BoE Gov. Bailey: A big turnaround overnight with the oil price. BOE'S Bailey Says US Tariffs Are Very Uncertain and Hard to Predict BOE's Bailey Says Trade Tariffs Have Unclear Effects on Inflation but Clearer Impact on Economic Growth. BoE Gov. Bailey: We are seeing investors reassessing overweight position in US assets. BoE Gov. Bailey: There was no point when there was real stress in markets in April.

Fed’s Powell: In Housing, There's A Longer-run Shortage That Fed Cannot Affect - Absolute Best Thing We Can Do For Housing Is To Restore Price Stability Fed's Powell: Rental inflation is now coming down quite regularly. FED'S POWELL Q&A: CONCERNED ABOUT TRAJECTORY OF CUTBACKS ON RESOURCES OF STATISTICAL AGENCIES LIKE BLS; SEEN 'MILD DEGREDATION' SO FAR IN GOVT DATA #Powell #FederalReserve #economy Fed's Powell: We expect tariff inflation to show up more, but we don't know how much will be passed to consumers. Powell Says Current Rates Are High With Much More Room to Cut Than When Rates Were Near Zero.

BREAKING: Powell Says Federal Reserve Will Focus on Economy Not Politics When Setting Interest Rates. Powell: If not for the expectations of higher inflation this year from tariffs, "we would have continued cutting." POWELL: AS LONG AS ECONOMY STRONG WE CAN TAKE A LITTLE BIT OF A PAUSE HERE FED'S POWELL Q&A: REPEATS, US FISCAL POPOLICY ;ON AN UNSUSTAINABLE PATH' AND LIMITING VIEWS OF FISCAL POLICY TO THAT #Powell #FederalReserve #economy Federal Reserve Chair Powell Says Rate Cuts Will Continue When Appropriate

Fed's Powell: I think we'll see tariff inflation in the June and July numbers. Fed's Powell: If it turns out inflation pressures are contained, we will get to a place where we cut rates. FED'S POWELL Q&A: CAN'T SAY WHETHER JULY MEETING COULD LIKELY CUT RATES; HAVE TO SEE HOW INFLATION AND JOBS DATA PROGRESS #Powell #FederalReserve #economy Q to Powell: Taylor rules say you should be looking through this. Powell: That's right. Q: So why aren't you cutting rates? Powell: Taylor rules say we're right where we should be. And one of them shows rates should actually be higher.