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The Fed Makes a Major Monetary Policy Turn

The Fed Makes a Major Monetary Policy Turn

10 Months ago | February 03, 2019 00:00:00

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


Fed Chair Powell Signals Major Changes In Policy One Thing You can’t say about Jerome Powell is that he is not decisive. As widely expected, the Fed kept interest rates steady at its January 30 meeting. Many were predicting a dovish bias at the meeting and on this he delivered. Personally I was expecting a more neutral posture. Powell sent the message that policy is “data dependent”, but the central bank can now be patient in deciding if it needs to raise rates again. Importantly, the Fed removed from the previous policy statement the li

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