Bloomberg对美联储主席讲话的另类解释:
• When pressed repeatedly if the market is right about the rate expectations, Powell refused to disapprove that. In other words, the Fed isn’t too unhappy with the bond moves thus far. It was a disappointment for some investors who hoped he would push back against the bond yield increase. That seems to signal a push higher in yields wouldn’t test the Fed too much
• Powell also said the Fed IS content with the current asset purchases. That means no extension of duration or QE twist. He said he doesn’t want to see a disorderly market move. Judging from the financial conditions, we are far from the level that the Fed will hit the panic button
• Powell kept saying as of now, we are a long way away from where we wanted to be, with the real unemployment rate at 10%. Things could be quite different in six months, and the Fed doesn’t seem to be as committed as as one might expect
• When pressed repeatedly if the market is right about the rate expectations, Powell refused to disapprove that. In other words, the Fed isn’t too unhappy with the bond moves thus far. It was a disappointment for some investors who hoped he would push back against the bond yield increase. That seems to signal a push higher in yields wouldn’t test the Fed too much
• Powell also said the Fed IS content with the current asset purchases. That means no extension of duration or QE twist. He said he doesn’t want to see a disorderly market move. Judging from the financial conditions, we are far from the level that the Fed will hit the panic button
• Powell kept saying as of now, we are a long way away from where we wanted to be, with the real unemployment rate at 10%. Things could be quite different in six months, and the Fed doesn’t seem to be as committed as as one might expect