Powell: Believes It Is Important to Maintain a Moderate Tightening of Policy

BlockBeats News, March 19, Federal Reserve Chair Powell: The policy rate is at the high end of the neutral range, potentially slightly restrictive. The rate is currently at the edge between tight and not tight. He does not want to take overly tight policy action due to downside risks to the labor market. Believes it is important to maintain a moderately tight rate.