Powell says the central bank may find itself in a scenario where its dual mandate goals are in “tension,” but the Fed is “well positioned to wait for greater clarity” before making any changes to its policy stance. Fed Chair Jerome Powell continues speaking following the conclusion of the FOMC policy meeting.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPY:
- Fed Chair Powell says inflation has come down ‘a great deal,’ still above target
- Powell says unusual swing in trade complicated GDP measurement
- Powell says surveys suggest tariffs driving inflation expectations
- Fed says risks of higher unemployment, higher inflation have risen
- Fed says indicators suggest economic activity expanding at ‘solid pace’