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US Federal Reserve Chair Jerome Powell has acknowledged the recent strength of the US economy caught central bank policymakers by surprise. Following the bank’s September rate-decision meeting, at which it opted to keep rates steady, Chair Powell noted that “If the economy comes in stronger than expected … we’ll have to do more in terms of monetary policy.” Is the bank signaling that its stance will remain hawkish for longer? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/…
Credit Bloomberg Quicktake