2019/09/19

Powell the ‘Artful Dodger’ Declines to Signal What Comes Next

Federal Reserve Chairman Jerome Powell doesn’t like to show his hand, either to guide investors or to chart a path for a divided group of policy makers under his leadership. Powell, speaking after the U.S. central bank on Wednesday lowered interest rates for a second time this year, resisted several invitations during the press conference that followed to signal where he thinks rates should go in the remaining months of 2019. The chair also refused to say where he stands among officials split between those who see a need to cut further, others who are comfortable where rates are now and a group that didn’t favor easing at all.- Bloomberg




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