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Reaction Roundup: Experts weigh in on the Fed, chair Powell
['Anuron Mitra', 'Wed', 'January', 'At Pm Gmt', 'Min Read']
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Chair Jerome Powell hinted that the central bank was ready to remain on hold after having cut rates by a total of 75 basis points at the end of last year.
Moreover, Powell declined to comment on the Trump administration’s investigation into the central bank’s renovation of an office building.
See below for various reactions to the Fed and Powell from analysts and experts:Gabriel Shahin, founder and principal at Falcon Wealth:"The Fed pretty much did what everyone expected, and honestly, that’s a good thing.
When Powell doesn’t surprise the market, it takes some of the anxiety off the table, even if rates are staying higher for longer.
It was unsurprising to see Fed Governor Miran voting for a further cut at this meeting, just as he has done since he took up his post in September.