Powell speech: We are aware of lags of monetary policy effects
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
FOMC Chairman Jerome Powell testifies on the Semi-annual Monetary Policy Report before the US House Financial Services Committee.
“We are aware of lags of monetary policy effects.”
“They are highly uncertain in timeframe though.”
“Slowing down pace of rate hikes this year is a way to better watch for those effects.”
“Data we’ve seen so far suggests that ultimate level of rates will need to be higher.”
“Still more data to analyze though.”
“Will do everything I can to bring people into consensus on any change to bank capital requirements.”
The US Dollar Index continues to fluctuate in its daily range at around 105.50 after these comments.
[/s2If]
Join Our Telegram Group
