Wall Street Reacts To Powell's Last FOMC Meeting

Wall Street Reacts To Powell's Last FOMC Meeting The kneejerk reaction from Wall Street pundits is that the bar for the Federal Reserve to hike rates is still relatively high and there’s no need for the Fed to change its bias or react in a meaningful way: that's the view voiced by SocGen's US Research Head Subadra Rajappa, who said on BBG TV that the "US is in a very good position overall" Others, such as Deutsche Bank Chief US Economist Luzzetti, said that "the Fed could adopt a m...