Bryce Doty in Bond Buyer

Powell’s only vow remains to ‘act as appropriate’

Federal Reserve Board Chairman Jerome Powell again pledged the central bank “will act as appropriate to sustain the expansion,” saying there were “no recent precedents to guide” policy decisions. Markets were relieved he didn’t rule out cuts, but disappointed he didn’t suggest more were coming.

Read more here: https://www.bondbuyer.com/news/powells-only-vow-remains-to-act-as-appropriate

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