By Team Bl

Copyright thehindubusinessline

Fed’s Powell:

Fed Doesn’t View Policy Through Political Lens; Stresses Longer-Term Focus To Best Serve The American People.

Fed Will Not Make Decisions Based On Politics; Declines To Comment On Cook’s Court Case.

It’s Deeply In Fed’s Culture To Base Decisions On Incoming Data And Nothing Else.

Don’t know that quarter-point cut will make a huge difference.

Agencies Need More Resources To Improve Data Response Rates; Notes Fed Acted Appropriately Based On Current Conditions.

Tariffs Mostly Paid By Middlemen Firms; Notes They Intend To Pass On Higher Costs But Haven’t Yet.

Clear Evidence Of Some Tariff Pass-Through To Consumers; Adds No Update On His Plans To Stay At Fed.

New data suggest there is meaningful downside risk to labor market, that’s broadly accepted.

Broad Consensus Emerging That Labor Market Situation Has Changed.

Nearly All Policymakers Supported This Rate Cut.

It’s not a bad economy or anything like that.

Policy Path Not Obvious; Stresses Balancing Dual Goals And Notes Fed Acted With High Unity Today.