Dear,FED President has a meeting with dear congress members in DC.Chairman of FED told many things about monetary policy,recession,inflation,normalization,reducing portfolios.
Underlined sentences are "We do not care politicians ideas,we do our mission."
Full of speech of Powell,
According to data USA Economy looks wonderful.Only deficit is explanitons of President Trump about FED.
Work force salary is GOOD,
Unemployment Data is GOOD,
Inflation looks near to target.
We talk about 325,000,000 people country.
Trump should perceive one thing,FED is not his toy.They know matters and conclusions economic developings.Twitter tellings are not nice for famous of FED.After Powell Speech,I guess FED governours will not listen Trump.
UNDERLINED OR VITAL PARTS OF HIS SPEECH
1-)Data look awesome,but away we had some complicated signals for our economy.
2-)We have still patient term for hiking interest rates.
3-)China and EU still have slowing in their growths.
4-)South America countries have some problems.(Argentina,Chile,Venezuela)
5-)We watch Brexit.
6-)We will tell some things about normalization of FED Balance sheets (reducing portfolios) in a near time period.
7-)FED does not care any politicians ideas,we decide according to economical developings.
After chairman speech,10 years bonds hiked from 2,64 to 2,68.We will follow other numbers.Dollar Index is near to 96,037.Ons Gold dropped from 1330$ to 1325 $.
In addition,FED will be HAWKISH.