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

Newsquawk StaffFederal Reserve newsPublished 29 Apr 2026, 19:18 UTC

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19:01

Journalist Mallick says "Slowly, gradually and rather at a snails pace, things seem to be moving in a certain direction, for the good that is."

19:00

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

18:58

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

18:57

Fed Chair Powell (Q&A) says when Fed did quarterly press conference, we only ever moved at those meetings

18:56

Fed Chair Powell (Q&A) says prospects for a rise in core inflation are real; Fed will need to wait and see; reiterates policy stance is in a good place to wait and see

On the Newsquawk feed at 18:58, 20 minutes before this page.

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Says Fed communications are 'fine'
Natural to look at doing communications in a different way

Context

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.

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