A summary of the comments from Fed Chair Powell at the Netherlands Bankers Association ...Middle East

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A summary of the comments from Fed Chair Powell at the Netherlands Bankers Association
Fed Chair Powell, speaking in an event Netherlands' Foreign Bankers' Association, in Amsterdam spoke to a number of topics in the hour long Q&A session. Much was a rehash of the Fed presser last week of course.Expects to hold policy rate where it is rather than reduce it. He does not expect to need to raise rates. He did comment that the PPI data from earlier today was mixed. He characterized the housing inflation as puzzling. He does expect that inflation will come down toward the 2% target as policy remains restrictive. He does admit that the could take longer than expected to get inflation down. He said the economy was performing well and that consumer spending and business investment w

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