Fed Chair Powell offered the comment in response to a question about why central bank independence is important.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPY:
- Powell says Fed not at inflation goal, but ‘encouraged’ by progress made
- Powell says 50 basis point cut shouldn’t be viewed as ‘new pace’
- Powell says Fed received ‘a lot of data’ since last meeting
- Labor market in ‘solid condition,’ Fed intention to ‘keep it there,’ Powell says
- Fed to move on rates ‘as fast or as slow as we think appropriate,’ Powell says