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

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.