Fed Chair Powell (Q&A), asked about the Fed reviewing its communications policy, says not much has happened; says there were not many ideas that had broad support among the Committee
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Fed Chair Powell (Q&A) says a number of people mentioned that short-term inflation expectations have risen, but long-term inflation expectations, majority of things show they are solid
Fed Chair Powell (Q&A) says vast majority of participants do not see a hike as the next base case
Fed Chair Powell (Q&A), asked about the Fed reviewing its communications policy, says not much has happened; says there were not many ideas that had broad support among the Committee
Fed Chair Powell (Q&A) says January jobs report was a positive surprise, February was a negative surprise; need to take them both together
Fed Chair Powell (Q&A) says if his successor is not confirmed before his term expires, he would serve as Fed Chair pro tem; no intention of leaving the Board until the DoJ investigation is over
On the Newsquawk feed at , 20 minutes before this page.
- Says he hopes the next Chair takes a look
Context
Fed Chair Powell's remarks indicate a lack of consensus regarding the review of the Fed's communications policy, signaling that significant changes are not imminent. This dovish sentiment suggests stability in current policy direction, which may impact market expectations and the dollar's performance, especially in forex and fixed income markets, as traders digest the implications for future guidance and possible rate paths.
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