Raymond James's Brown Says Powell Did Not Say Anything Surprising

The Fed Chairman's recent testimony was perceived as neither dovish nor hawkish. The testimony highlighted three main themes: a strong economy, gradual rate hikes, and data-dependent policy. Economic indicators such as full employment and low inflation were discussed, suggesting a cautious approach to tightening monetary policy.

What was the general tone of the Fed chairman's testimony?

• Very dovish

• Neither dovish nor hawkish

• Extremely hawkish

• Unpredictable

Which of the following was NOT a key theme in the Fed chairman's testimony?

• Strong economy

• Immediate rate cuts

• Gradual rate hikes

• Data-dependent policy

What recent fiscal policies were mentioned as influencing the Fed's approach?

• Increased tariffs

• Corporate tax cuts

• Reduction in government spending

• New trade agreements

What did Powell say about the current state of employment?

• Job market is declining

• Unemployment is rising

• Employment levels are stagnant

• Economy is at or beyond full employment

What is the current status of the PCE price index according to the testimony?

• At the 2% goal

• Unchanged

• Above the 2% goal

• Below the 2% goal