Powell speech: On rates, trying to get to a place where we are more neutral and then tight if needed By Frank_Macro Fed InterestRate
, speaking at the Senate hearing for his renomination, said on Tuesday that the Fed is trying to get to a place where interest rates are more neutral for the economy and then to a place where they are "tight". Perhaps motivated by a lack of fresh surprises from Fed Chair Powell in his remarks over the course of the last hour, the US dollar has been weakening in recent trade, whilst risk assets such as the Nasdaq 100 that had recently been hit by fears over Fed hawkishness are gaining.
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