Fed Chair Powell (Q&A), asked about the easing bias, says had vigorous debate on guidance today; a number see hike as likely as cut has moved up
Importance
Level 1
- Number of officials who would support a change to a neutral bias has increased
- Says it is easy to see why
- Majority of the Committee did not want to change the language; did not think we need to do at this meeting
- Will see what happens in the next 30-60 days, it could change things
- Says it was a closer call today than in March