News about Jay Powell

The @wsj is right on this: “Even if the Fed cuts, the days of ultralow rates are over.” Also, we are yet to deal fully with the consequences of the over-indebtedness and resource misallocations encouraged by the protracted period of ultra-loose monetary policy. #economy… pic.twitter.com/9USXW1q8om

From the Bloomberg article, “Fed Rate-Cut Debate Shifts From When Toward If on Inflation Data:” Fed Chair “Powell has kept the committee united in its rate path, with no dissents in nearly two years, but there are some signs of strains. Until recently, Powell had sounded dovish… pic.twitter.com/1wbDAzrrtx

Evercore's Emanuel: A big risk this week is when someone asks Powell: "Could you see the Fed’s next move as being a rate hike under any circumstances?” How he answers "goes a very long way toward determining whether the correction continues sideways or retests the lows."

❖ Powell Seen as 'Comfortable' With Repricing of Fed Expectations: Bank of America The Fed's main message after tomorrow's rate decision is likely to be that "policy needs more time, the next move is most likely a rate cut, and the committee is in a wait-and-see mode until the…