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Fed policy 'restrictive,' but markets are 'buoyant': Fmr. Fed Pres.

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Federal Reserve News

Eric Rosengren,Jerome Powell,Boston Federal Reserve

The market has begun to price in the comments made by Federal Reserve Chair Jerome Powell after the Fed concluded its two-day meeting on Wednesday with a...

The market has begun to price in the comments made by Federal Reserve Chair Jerome Powell after the Fed concluded its two-day meeting on Wednesday with a decision to keep rates steady. The debate about when or if the Fed needs to raise or lower rates to reach its target inflation goal continues.

"I think is being very careful in what he's saying at the press conferences now. He's right that monetary policy is pretty restrictive at this point. When you have an interest rate in the mid fives, and inflation rate that's using the core PCE at 2.

 

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