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

Fed Chair Powell's remarks indicate a lack of consensus within the FOMC regarding significant adjustments to the dot plot or Summary of Economic Projections (SEP), which may suggest the Fed is approaching future guidance cautiously. His comment about preferring alternative communication methods signals potential shifts in how the Fed conveys policy intentions, potentially impacting market expectations and sentiment. Overall, this could imply a steadier approach to monetary policy, affecting both the USD and broader fixed income markets.