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Fed Day Redux: What Powell Answered and What We Want to Know

  • From jobs to dots, Powell offered new details on key ideas
  • The Fed chair made clear that some big questions are mysteries
Bloomberg business news
Powell Says It Was the Appropriate Time to Remove Forward Guidance

Jerome Powell gave Federal Reserve-watchers some meaningful answers on Wednesday. He also left them scratching their heads over ever-bigger questions.

The Federal Open Market Committee closed out its June meeting by raising interest rates and suggesting it’ll hike twice more this year, and the Fed chairman announced that he’ll soon start giving press conferences every -- rather than every other -- policy meeting.