Fed Decides to Hold but Prepares to Adjust Balance, Powell Preaches Patience
Kathleen Hays, Global Economics and Policy Editor, and Bloomberg Stocks Editor Dave Wilson discus the Federal Reserve saying it will be “patient” on any future interest-rate moves and signaled flexibility on the path for reducing its balance sheet. Brian Chappatta, Bloomberg Column Debt Columnist, and Matthew Boesler, Bloomberg News Federal Reserve Reporter, report on Fed Chairman Jay Powell saying a “common-sense” approach means the Fed will patiently await “greater clarity” and rely on economic data to guide policy. And we Drive to the Close of markets with Kim Forrest, Senior Portfolio Manager at Fort Pitt Capital. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan