. @BloombergTV's @FerroTV: "[#FederalReserve] Chair Powell has one gear and struggles to get out of it." #economy #markets #fed #econtwitter

It is happening again: Fed Chair Powell's press conference has fueled significant market moves (see arrow in Bloomberg's 2-year yield chart below) as both the content and the tone of his remarks are notably more dovish than how the markets had interpreted the statement itself.… pic.twitter.com/jMtUCAAdvP

#Fed's Powell: Very pleased we haven't seen pain originally projected. pic.twitter.com/kjIerbrAYR

#Fed to slow pace of balance-sheet runoff starting in June. Central bank to lower Treasuries runoff cap to $25bn, from $60bn. Reduction was larger than market observers had expected. www.bloomberg.com/news/articles/2024-05-01/fed-to-slow-the-pace-of-balance-sheet-runoff-starting-in-june?srnd=homepage-europe&sref=R17xFhjo# pic.twitter.com/LQ1HTUb6IN