Fed Chair Jerome Powell says current monetary policy stance ‘likely to remain appropriate’ | Metals Mine

  • Fed Chair Jerome Powell says current monetary policy stance ‘likely to remain appropriate’

    From cnbc.com

    video Federal Reserve Chairman Jerome Powell indicated that future rate cuts are unlikely so long as conditions remain around where they are now. Speaking shortly after the central bank approved a quarter-point reduction Wednesday, Powell indicated that the “mid-cycle” adjustment he has been talking about for the past five months is likely at an end. “We see the current stance of monetary policy as likely to remain appropriate as long as incoming information about the state of the economy remains broadly consistent with our outlook,” he told reporters at his post-meeting news conference. The Federal Open ... (full story)

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Fader123
Oct 30, 2019 2:05pm
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This is all because of China and US at the moment.
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foto
Oct 30, 2019 2:47pm
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Bout all I got out of this sleeper (yes i fell asleep in middle) is Fed is firmly on path returning to prior role of following markets. They believe monetary policy is consistent with current projections.
Fed remains out of QE mode and out of forward guidance mode.
Data dependent first and foremost will determine future conduct.
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RichAlex
Oct 30, 2019 3:10pm
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It's dumb that we have to be listening to the government and the Fed so closely. However, IMO a significant statement:

"Before returning to rate hikes, he said he would need to see a “really significant” rise in inflation."
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kuldeep4350
Oct 30, 2019 2:12pm
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too much dovish today
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