Fed's Powell says will not comment on possibility of taking different role at the Fed

Market news

1 June 2017

Fed's Powell says will not comment on possibility of taking different role at the Fed

Expects a tax cut will affect US economy in 2018
Expects three rate hikes this year
He doesn't see balance sheet falling below $2.5 trillion

Fed funds futures imply traders see 50 pct chance of one more U.S. rate hike after June meeting, before end of 2017 - CME group's Fedwatch

US economic activity in the manufacturing sector expanded in May - ISM report

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