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Goldilocks Powell: Interest Rates Are ‘Just Below’ Level Where They Won’t Stimulate Economy (US Dollar Dips, Gold Rises)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Like Goldilocks, Chairman Powell thinks Fed Policy is neither too hot or too cold, but just right!

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Federal Reserve Chairman Jerome Powell on Wednesday used a softer tone to describe where interest-rate policy presently is, in what could be construed as implying fewer interest-rate hikes to come.

“Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy — that is, neither speeding up nor slowing down growth,” Powell told the Economic Club of New York.

golddollars

Like Goldilocks, Powell thinks Fed Policy is neither too hot or too cold, but just right!

Bugs Powell?

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