US Federal Reserve chair Jerome Powell speaks at Economic Club

The Fed chair recently spoke at the Economic Club in Washington, D.C.

US Federal Reserve building Source: Bloomberg

US Federal Reserve chair, Jerome Powell, recently spoke at the Economic Club in Washington, D.C. He made comments about Fed policy and the stock market.

Why Powell may be softening on Fed policy

The Fed chair may be dovish on interest rates because of the last interest rate hike affecting the US stock market. Though the Federal Reserve was likely to increase interest rates twice in 2019, there may be a change in those plans. After signals that the US central bank may delay rate hikes, Powell is promising to base policy on the developments on Wall Street. He said during a question-and-answer period at the Ecnomic Club that,'We're [The Fed] is waiting and watching to see what happens.'

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