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Fed Chair Powell Takes A Mildly Hawkish Posture In Congressional Testimony

Fed Chair Powell Takes A Mildly Hawkish Posture In Congressional Testimony

2 Years ago | March 04, 2018 00:00:00

John M. Bland, MBA, co-founder, Global-View.com


Tuesday Powell House Testimony Seen Hawkish; Thursday A Bit Less So New Fed Chair Powell testified before the House on Tuesday and analysts walked away with the impression that his bias would be to hike rates two to three times after they raise the target range by 25bps later this month (March 21). His focus was on the new set of projections each member will be submitting at the March 21 meeting. He said that the board would be taking into account the improvement in the economy since December.

In his Thursday Senate testimony Powell said ther

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