Jerome Powell joining the ranks of Fed speakers popping up
- Hasn't decided on Sep rate move yet
- Will be focusing on the labour market data
- It's appropriate to wait and see the data before the Sep meeting
- Time is coming to raise rates, possibly this year
- Fed will move forward when tests have been met
- Interest rates are a blunt instrument
- On balance low rates have been helpful to the economy
- Evidence shows QE hasn't caused high inflation
- Path of rates more important than lift off date
- Shallow path for rates would be appropriate
- There is no asset bubble, even though an easy Fed supports assets
He's been speaking to CNBC
Dollar has actually lost some ground following the comments which are pretty much standard Fed fare. Possibly the indecision over a Sep hike is disappointing bulls
