Fed Chair Powell (Q&A) says Fed is well positioned to face the risks to both sides of its mandate; has not made any decision on future meetings, decisions will be made on a meeting-by-meeting basis, letting the data light the way

Fed Chair Powell (Q&A) says Fed is well positioned to face the risks to both sides of its mandate; has not made any decision on future meetings, decisions will be made on a meeting-by-meeting basis, letting the data light the way.

Fed Chair Powell's remarks indicate a cautious but balanced approach toward future monetary policy, emphasizing data dependency before making decisions. This stance suggests potential for heightened market volatility as traders assess incoming economic indicators, which could influence the USD and fixed income markets. Overall, the lack of pre-commitment from the Fed keeps monetary policy fluid, reflecting the ongoing complexity of balancing growth and inflation.