Powell Q&A: Don’t see any reason to be in a hurry to lower rates

• We want to make more progress on inflation
• We are in a pretty good place with this economy
• We cannot control long rates (what about that decade of QE?)
• Higher mortgage rates are less related to Fed policy and more to Treasury yields
• View of risks on budget deficit, inflation expectations are among drivers of long-term rates
• I too am troubled by quantity of reports on debanking

Risk assets have been making a steady recovery and the S&P 500 is now positive.

This article was written by Adam Button at www.forexlive.com.