Fed Chair Powell (Q&A) says he does not want to guess about future policy, notes we will have a new leadership in June in all likelihood

Fed Chair Powell's remarks signal a potential shift away from an easing bias, which could occur as soon as the next meeting, implying market participants should prepare for tighter monetary policy. This suggests a more hawkish outlook than previously expected, which could strengthen the USD and impact fixed income markets as investors reassess their rate path forecasts.