In remarks before the Senate Banking Committee, Fed Chair Jerome Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s 2% goal. He also reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to get interest rates lower.
Rick Polsinello, Senior Market Strategist at Franklin Templeton Institute shares his insights on Powell's latest comments on interest rates, where the Fed could be heading in coming days, whether companies are set to beat earnings expectations this quarter and if gold is priced to perfection for a future inflation surge.
Presented by: Ryan Huang
Produced by: Yeo Kai Ting (ykaiting@sph.com.sg)
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