Fed Chair Powell (Q&A), asked about conditions for adjusting policy, says Fed has to wait and see, will learn a lot by the next meeting, must see how the outlook evolves on the Middle East
Importance
Level 1
- Fed did talk about alternative scenarios, but he wouldn't bring that in here, says it is very uncertain and cannot assume one way or another
- US economy has been strong enough to look through a whole bunch of challenges
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