Fed Chair Powell (Q&A) says policymakers are not saying we need to hike now; they supported the policy decision

Newsquawk StaffFederal Reserve newsPublished 29 Apr 2026, 19:11 UTC

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18:54

Fed Chair Powell (Q&A) says he would never be a 'shadow Fed Chair', he respects the role of Fed Chair

18:53

Fed Chair Powell (Q&A) says Fed credibility is not driving his decisions on staying on as Governor

18:51

Fed Chair Powell (Q&A) says policymakers are not saying we need to hike now; they supported the policy decision

18:50

Fed Chair Powell (Q&A) says he does not see the labour market as a source of inflation

18:48

CNBC's Cassella says she asked Press Sec Leavitt on Monday if Trump was still considering firing Powell if he stayed on as a Fed governor, and she said "I think the President will be satisfied once Kevin Warsh is confirmed as the Fed chair"

On the Newsquawk feed at 18:51, 20 minutes before this page.

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Three dissenters and non-voters who would have preferred to move away from easing bias, but supported the rate decision today
A group of us did not feel hurried to change the easing bias
Want to make it something that is sustained, not something that can be taken back quickly

Context

Fed Chair Powell's comments today signal a continued commitment to the easing bias, suggesting that the Fed is not yet inclined to hike rates. The presence of dissenters indicates some internal debate, but overall support for current policy implies stability in the near term. This could lead to a softer USD as markets price in extended accommodative measures rather than imminent tightening.

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