Fed Chair Powell (Q&A) reiterates policy in a good place to move in either direction; no one is calling for a hike now; will depend on how the situation evolves

Newsquawk StaffFederal Reserve newsPublished 29 Apr 2026, 19:20 UTC

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19:02

Fed Chair Powell (Q&A) notes energy price impact on the US is less than in Europe or Asia

19:01

Journalist Mallick says "Slowly, gradually and rather at a snails pace, things seem to be moving in a certain direction, for the good that is."

19:00

Fed Chair Powell (Q&A) reiterates policy in a good place to move in either direction; no one is calling for a hike now; will depend on how the situation evolves

18:58

Fed Chair Powell (Q&A) says making large changes to the dot plot or SEP didn't have broad support on the Committee; says he was never a big fan of the dot plot

18:57

Fed Chair Powell (Q&A) says when Fed did quarterly press conference, we only ever moved at those meetings

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Context

Fed Chair Powell's comments suggest a more flexible policy stance, indicating that while no immediate rate hikes are expected, the Fed is prepared to adjust based on evolving economic conditions. This nuanced approach may signal to the markets that future policy shifts are possible, impacting expectations for the USD and influencing fixed-income assets as traders reassess rate paths going forward.

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