Fed’s Powell: Fed expects interest rates to rise ‘somewhat further’

Ross J Burland FXStreet

In further comments released to news agencies:

Uncertainty requires Fed policy to stay flexible.
Size of Fed’s balance sheet to shrink gradually.
Fed’s Powell pledges "To respond decisively" to any new economic threats, cites need to retain "Flexibility" in setting policy – RTRS.
pledges to defend fed independence while working to enhance accountability to public and Congress.
Do all "In my power" to defend twin fed goals of maximum employment, price stability.
Banking system safer due to higher capital, other requirements, but promises to look for ways to ease "Regulatory burdens".

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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