Instant Reaction: Jay Powell on the Fed Decision
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 29 January 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
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Transcript
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| 1:01.2 | That wraps up the first news conference with Chairman Powell for 2025. |
| 1:05.2 | If you are just joining us, welcome to the program. |
| 1:07.4 | A two-part story here, one part of the statement, the second part, the news conference. |
| 1:11.3 | The statement pushed stocks down and bond yields a little bit higher. In the news conference, |
| 1:15.8 | equities came off the lows and bond yields came off the highs. In the statement, the Federal Reserve |
| 1:20.6 | repeated that inflation remained somewhat elevated, but removed this reference to this line |
| 1:24.7 | of it having made any progress towards their 2% goals. |
| 1:28.0 | So that sounded somewhat hawkish, didn't it? |
| 1:30.6 | So ultimately, inevitably, the Federal Reserve Chair was asked about this, and this is what |
| 1:34.5 | he had to say in a presser just moments ago. |
| 1:37.3 | If you just look at the first paragraph, we did a little bit of language clean up there. |
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