Powell and the Markets Weigh Potential Virus Impact

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.

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