Fed Chair Powell (Q&A) says policy rate is high-end of neutral, or mildly or modestly restrictive; says borderline on restrictive and not

Fed Chair Powell's comments suggest the policy rate is nearing the upper limit of what is considered neutral, indicating a mildly restrictive stance. This implies that while the Fed is not poised to shift dramatically in either direction, markets may interpret this as a signal to remain cautious regarding future rate hikes, particularly affecting the USD and fixed income sectors.