Powell and the Markets Weigh Potential Virus Impact
02/13/2020
Earlier this week, Fed Chairman Jay Powell, in a two-part Congressional testimony on the state of the economy said the FOMC’s current monetary policy stance is appropriate, but emphasized that policy is “not on a preset course.” Powell believes the domestic economy “is in a very good place.” Most of what the Chairman said this week sounds a lot like recent canned Fed talk; hope with a dose of caution.
