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Powell emphasizes Fed decisions driven by data, responds to political pressure
Summary: According to sources, market analysts say Powell emphasized that Fed decisions are always data-driven, which can be seen as a response to political pressure. He stated that monetary policy is not on a preset path, and FOMC members will make decisions solely based on assessments of data and its impact on economic outlook and risk ...
According to sources, market analysts say Powell emphasized that Fed decisions are always data-driven, which can be seen as a response to political pressure. He stated that monetary policy is not on a preset path, and FOMC members will make decisions solely based on assessments of data and its impact on economic outlook and risk balance, without deviating from this practice.
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