Analyst: Powell's Statement Leans Toward Hawkish Stance

BlockBeats News, July 31st, analyst Chris Anstey stated that Powell mentioned, "There is still plenty and plenty of uncertainty to work through. Yes, we are indeed getting more data all the time. But it feels a ways away right now, the end of that process. I think there's a lot that's going to happen out there." This statement leans hawkish.

Fed Chair Powell also noted that it is not possible to make a decision six weeks from now based on the June forecasts (dot plot). His personal take is that we are in a modestly restrictive range, but there is a range of views on that. (FXStreet)