On December 11, Informa Global Markets commented on Federal Reserve Chairman Powell's latest remarks, saying: "The so-called 'hawkish rate cut' is nothing more than that."
Powell pointed out the tension between the Fed's dual mandate, but also acknowledged little change since the last meeting. His remarks were generally similar to previous ones. The most memorable statement from the press conference was: "The economy right now doesn't resemble an overheated economy that would trigger labor-driven inflation." (Jinshi)
