The Trader 

Market Outlook: ‘’We’re a long way from neutral’’

The Trader

Yesterday in an interview with Judy Woodruff on America’s Public Broadcasting Service TV, Fed Chairman Jerome Powell said: ‘’the really extremely accommodative low interest rates that we needed when the economy was quite weak, we don’t need those anymore.  We’re gradually moving to a place where they will be neutral.  We may go past neutral, but we’re a long way from neutral at this point’’.

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