Powell emphasizes the need for ongoing data collection and a cautious approach, indicating that the Fed's current policy remains moderately restrictive.
Analyst Chris Anstey reports that Fed Chair Jerome Powell highlighted significant uncertainties in the economic outlook, suggesting a hawkish stance. Powell noted that while more information is being gathered, the Fed is not close to concluding the current process, and decisions cannot solely rely on June's projections. He indicated that current policy is moderately restrictive but acknowledges varying estimates from different parties.