Powell speech: No decisions yet on the timing and pace of balance sheet reduction, rate hikes
|Fed Chair Jerome Powell, at his usual post-Fed meeting press conference on Wednesday, said that the Fed has not made decisions on the timing and pace of shrinking the balance sheet or interest rate hikes yet.
Additional Remarks:
"It is not possible to predict the path of the policy rate."
"It is not possible to predict with much confidence the path of policy."
"We will be humble and nimble on policy."
"There are two side risks now."
"We will need to navigate cross-currents, two-sided risks."
"We will be guided by data and the evolving outlook."
"We will try to communicate as clearly as possible."
"We know the economy is in a very different place to 2015."
"The economy now much stronger than then."
"These differences will have implications for pace of rate hikes."
"Beyond that, no decisions made."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.