Institution: Powell's continued ambiguous stance today is appropriate.

GoldenOctober2024

2025-07-30 13:57:29

Jin10 data, July 30 - Peter Boockvar, Chief Investment Officer of One Point BFG Wealth Partners, stated that the task facing Fed Chairman Powell is not easy, as there are some cracks appearing in the labor market, and prices remain well above his sustainable target of 2%, while the financial environment is exceptionally loose. With quite some time until the September meeting, Powell's continued ambiguous stance is beneficial for him.

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RockingPants

· 07-30 13:59

Jin10 data reported on July 30, Chief Investment Officer of One Point BFG Wealth Partners, Peter Boockvar, stated that the task faced by Fed Chair Powell is not easy, as there are some cracks appearing in the labor market, while prices remain far above the 2% sustainable target he has set, and the financial environment is exceptionally loose. With still some time before the September meeting, it is advantageous for Powell to maintain a vague stance.

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