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.

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Fed Chair Powell (Q&A) says there was broad support on the Committee for holding rates today, including from non-voters

Fed Chair Powell (Q&A) says rates are in a plausible range of neutral, at the higher-end of range of neutral

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 does not comment on the USD; will not comment on the USD

Fed Chair Powell (Q&A) says incoming data shows clear improvement for the outlook; inflation performed about as expected; overall, it is a stronger forecast

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Context

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.

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