DislikedHowever, with the economy still proving resilient, Fed officials will likely want to hold off until additional evidence shows inflation is continuing to moderate back to the central bank’s 2% target. Yellow statements are interpreted as dovish. Orange qualifier is still present and very clear. Powell is trying to soften the economic blow as he puts pressure on the government to not increase spending which will cause the money supply to increase and make it harder to get to 2% but that is unlikely to work.Ignored
Powell is trying to say he can be so accurate in the landing he can anticipate avoiding any overshoot to deflation. The fact is their useless at projecting anything.
Don't be surprised if being @2% isn't a factor in the next decision.
Even though the market has spoken on the event and Powell spoke to the 2% target you would argue the whole event wasn't dovish and they won't lower until they get there with an opinion piece.
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