Fed Chair Powell: In hindsight, tightening policy earlier would have been a good move

PANews reported on February 12th that, according to Jin10, Federal Reserve Chairman Powell stated in his semi-annual monetary policy testimony that he is very cautious about monetary policy rules. They are a starting point, not an end point. In hindsight, it would have been a good move to tighten policy earlier, but it is uncertain how much difference it would have made to act earlier. Even if the US President, Trump, requests, he will not resign. The Fed will take appropriate and cautious adjustment measures in its review. When asked whether the Fed will allow the government efficiency department to access Fed data, Powell said, we have no contact with them and there is no news to report at the moment.