The Trader 

Market Outlook: Powell’s Congressional testimony

The Trader

At yesterday’s first House financial services committee testimony, the new head of the Federal Reserve Jerome (Jay) Powell sounded an upbeat note.  ‘My personal outlook for the economy has strengthened since December.  In gauging the appropriate path for monetary policy over the next few years, the FOMC will continue to strike a balance between avoiding an overheated economy and bringing PCE price inflation to 2 per cent on a sustained basis’.   

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