Instead of suspecting some insidious 'Powell Put,' markets might want to consider the possibility that the Fed is actually doing the right thing – paying attention to the economic data, finding it underwhelming, and pausing its monetary tightening accordingly.
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Wall Street Beware: There Is No 'Powell Put' At The FedInstead of suspecting some insidious 'Powell Put,' markets might want to consider the possibility that the Fed is actually doing the right thing – paying attention to the economic data, finding it underwhelming, and pausing its monetary tightening accordingly.
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Jerome Powell says the Fed did not change course on interest rates in response to TrumpFederal Reserve Chair Jerome Powell says he did not take 'political considerations' into account when deciding to maintain interest rates.
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Fed Chair Jerome Powell says the case for raising interest rates 'has weakened'
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