Powell's words may have been interpreted

Powell's words may have been interpreted

In a fragile period, the market is looking for positive signals. Then, the words of the head of the Fed, Jerome Powell, may have been interpreted. "The smallest signal has significant effects and the market has really wanted the Fed to be more cautious," said Anna Breman, economist in economics at Swedbank to TT.

Governor Jerome Powell about his speech at the Economic Club of New York yesterday.picture: Mark Lennihan / AP / TT

The governor of the US central bank was looking forward to supplying the US stock market last night. In a normative speech delivered before the New York Economic Club, Mr. Powell said that the US interest rate was "just below" what he called a neutral territory.