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
Powell's remarks suggest a cautious approach from the Fed, indicating they prefer to assess evolving circumstances, particularly regarding geopolitical tensions in the Middle East before making policy adjustments.
Fed Chair Powell (Q&A) says tariffs should in theory be one-time effect, the theory is probably right, but the time it takes to get through the economy is uncertain
Fed Chair Powell (Q&A), asked about tariff impact, is not certain that tariffs will be a one-time effect, not at all certain
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
Fed Chair Powell (Q&A) says he does not have a forecast on oil prices in the event the conflict ends quickly
Fed Chair Powell (Q&A) says he hopes that the gas price increase is not for a long period; does not want to speculate about what that means; Fed needs to see how this works out
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- 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
This dovish tone may temper expectations for immediate rate changes and could influence market sentiment across USD pairs and fixed income assets, highlighting a wait-and-see approach in response to economic conditions.
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