Why doesn’t the Fed stop its asset purchases now? “We’ve learned that it’s best to take a careful, sort of methodical, approach to make adjustments,” Fed Chair Powell tells steveliesman.
Federal Reserve chair Jerome Powell said the policymakers considered it the suitable approach to dial back its bond buying program.
"The market has an idea the Fed is not going to take anything too far. It's going to adjust policy as needed with a focus on inflation," Garretson said.Mark Cabana, head of U.S. short rate strategy at Bank of America, noted that the Federal Reserve's statement is hawkish. "It's a material reassessment," he said, adding that the futures market shifted to give a 50/50 probability of a rate hike for March and 90% for May.
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