Powell Says Market Is ‘Well Aligned’ With Fed's Rate Dot Plot
- Risk sentiment bears close watching as rates move, Powell says
- Powell confident emerging markets can weather rate increases
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Federal Reserve Chairman Jerome Powell said financial markets have gotten the message on the U.S. central bank’s plan for gradual interest-rate increases and “should not be surprised” by its actions.
“Fed policy normalization has proceeded without disruption to financial markets, and market participants’ expectations for policy seem reasonably well aligned with policymakers’ expectations,” Powell said Tuesday at a conference sponsored by the International Monetary Fund and Swiss National Bank in Zurich.