Powell: Fed Will Focus on Economy Not Politics When Setting Interest Rates

Fed's Powell: Banks are free to provide banking services to crypto industry and conduct activities as long as protect safety and soundness.

Fed’s Powell: In Housing, There's A Longer-run Shortage That Fed Cannot Affect - Absolute Best Thing We Can Do For Housing Is To Restore Price Stability Fed's Powell: Rental inflation is now coming down quite regularly. FED'S POWELL Q&A: CONCERNED ABOUT TRAJECTORY OF CUTBACKS ON RESOURCES OF STATISTICAL AGENCIES LIKE BLS; SEEN 'MILD DEGREDATION' SO FAR IN GOVT DATA #Powell #FederalReserve #economy Fed's Powell: We expect tariff inflation to show up more, but we don't know how much will be passed to consumers. Powell Says Current Rates Are High With Much More Room to Cut Than When Rates Were Near Zero.

BOE Governor Bailey States That Current Policy Is Tight and Limiting BoE Gov. Bailey: The path for rates is downward. BoE Gov. Bailey: UK's underlying growth not as strong as Q1 GDP reading. BoE Gov. Bailey: The UK's high savings ratio should change at some point. BoE Gov. Bailey: QT review will be interesting this year, because of the steepening of the yield curve.

Fed's Powell: I think we'll see tariff inflation in the June and July numbers. Fed's Powell: If it turns out inflation pressures are contained, we will get to a place where we cut rates. FED'S POWELL Q&A: CAN'T SAY WHETHER JULY MEETING COULD LIKELY CUT RATES; HAVE TO SEE HOW INFLATION AND JOBS DATA PROGRESS #Powell #FederalReserve #economy Q to Powell: Taylor rules say you should be looking through this. Powell: That's right. Q: So why aren't you cutting rates? Powell: Taylor rules say we're right where we should be. And one of them shows rates should actually be higher.