Swiss Economicblogs.org
Alongside clear signals that policy rates will continue to rise in the near term were some dovish hints about policy further down the road.Chairman Jerome Powell’s congressional testimony on 17 July contained limited new information about the Federal Reserve’s monetary policy intentions. Conveying the impression that he maintained a steady hand on the tiller, Powell seemed unfazed by the recent escalation in trade. Instead, Powell remained positive about the global economy. He also...
Read More »Powell provides some clues to Fed thinking
