Powell comments are ‘very dovish Powell comments are ‘very dovish,’ says Boockvar
Peter Boockvar, strategist of Bleakley Advisory Group, called Powell’s comments “very dovish.”
“Bottom line, the Fed is focused on employment and seems very willing to absorb higher inflation and excesses in financial market that brings financial instability in hopes of getting there,” Boockvar wrote. “But, as seen in the long end of the yield curve, the markets have a say here too and they are speaking loudly. Hopefully at some point Fed officials will listen.”
— John Melloy