Powell Q&A: US economy has been stronger than expected this year

• Economy has been ‘remarkable’
• US economy may be structurally more-resilient to higher rates but I don’t see evidence yet
• It’s hard to draw a ‘direct line’ from things like higher bond yields to a monetary policy response
• The Fed is “not going to ignore” a significant bond tightening, but do not have to make a decision now
• There are many candidate explanations for higher bond rates, says there are 5-6 good ones
• We won’t ignore higher yields but don’t have to make a decision now
• The bigger mistake is not getting rates high enough

            This article was written by Adam Button at www.forexlive.com.