Fed Chair Powell (Q&A) says the Chair only has one vote, and ability to develop consensus
Fed Chair Powell's statement underscores the collaborative nature of the FOMC, highlighting that while he may guide discussions, decision-making is a collective effort.
Fed Chair Powell (Q&A) says when Fed did quarterly press conference, we only ever moved at those meetings
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
Fed Chair Powell (Q&A) says the Chair only has one vote, and ability to develop consensus
Fed Chair Powell (Q&A) says he would never be a 'shadow Fed Chair', he respects the role of Fed Chair
Fed Chair Powell (Q&A) says Warsh has the skills to be a good Chair
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This could signal a balance in future policy communications, potentially stabilizing market expectations around rate changes. Traders may interpret this as emphasizing consensus, which could limit volatility in the USD and fixed income markets as participants assess the committee's cohesiveness going forward.
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