Powell speech: Tightening in credit conditions may mean monetary tightening has less work to do

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Powell speech: Tightening in credit conditions may mean monetary tightening has less work to do
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Powell speech: Tightening in credit conditions may mean monetary tightening has less work to do – by eren_fxstreet Fed CentralBanks

comments on the policy outlook after the Federal Reserve's decision to raise the policy rate by 25 basis points to the range of 4.75-5% following the March policy meeting."Need for further hikes will be based on actual and expected effects of credit tightening in particular.""Our statement was trying to reflect uncertainty in outlook from banking strains.""Possible tightening in credit conditions may mean monetary tightening has less work to do.

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