FYI: Many investors believe Fed Chairman Powell delivered the best performance of his tenure at Wednesday’s post-FOMC presser. The central bank head treaded a fine line, appeasing both monetary policy doves and hawks without committing to a set course for future monetary policy actions.
Financial markets were calm after the Fed’s 0.25% cut—the second of the year—which is an improvement from recent meetings, when markets often threw tantrums when they saw Powell as insufficiently dovish.
Careful to avoid upsetting the markets, Powell said the Fed would take strong steps to stimulate the economy, if the data warrants it: “If the economy does turn down, then a more extensive sequence of rate cuts will be appropriate.”
Regards,
Ted
https://www.etf.com/sections/features-and-news/bond-rally-feeds-fed-rate-cut?nopaging=1
