Economics
Powell May Have Outed Himself on the Dot Plot as Seeing Lower Rates
- Fed chair says ‘many of us’ penciled in rate cuts in 2019
- Powell plays down significance of dot plot in uncertain times
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Did Federal Reserve Chairman Jerome Powell out his own dot?
Some Fed watchers think so. They say that Powell strongly suggested on Wednesday that he’s among those forecasting lower interest rates by year-end in the latest quarterly scatter chart of policy maker projections, widely known as the dot plot.