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

Newsquawk StaffFederal Reserve newsPublished 29 Apr 2026, 19:16 UTC

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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

18:55

Fed Chair Powell (Q&A) says the Chair only has one vote, and ability to develop consensus

18:54

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

On the Newsquawk feed at 18:56, 20 minutes before this page.

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Says policy is in the high-end of the neutral range estimate - this is the right place to be

Context

Fed Chair Powell's comments indicate a cautious stance on inflation, suggesting that while core inflation risks are acknowledged, the current policy is appropriately positioned. This "wait and see" approach could impact market expectations around future rate adjustments, potentially supporting the USD in the short term while leaving room for fluctuations based on incoming economic data.

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