Fed’s Powell: US economy is envy of the world, I’m going to do everything to keep it there

• Feel very good about where monetary policy is
• US economy is in remarkably good shape
• The same institutional relationships between Fed and Treasury will continue under new admin
• Part of the Fed’s independence is that it’s self funded
• Economy in good shape and no reason that can’t continue
• On a path to more-neutral rates over time, though downside risks are less than thought, Fed can afford to be catious in finding neutral
• Growth is stronger than we thought in Sept and inflation has “come in a little higher”
• We can afford to be cautious in finding neutral

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