Fed Chair Powell: In hindsight, tightening earlier would have been a good move

PANews, Feb. 12 (Bloomberg) -- Federal Reserve Chairman Jerome Powell, delivering his semi-annual monetary policy testimony, said, ‘I'm very cautious about the monetary policy rules; they're a starting point, not an end point,’ according to Golden Ten. In hindsight, tightening policy earlier would have been a good move, but it's not certain how much of a difference acting earlier would have made. There will be no resignation, even if President Donald Trump asks for it. The Fed will take appropriate and prudent adjustments under review. Asked whether the Fed would give the Department of Government Efficiency access to Fed data, Powell said, we have no contact with them and have nothing to report at this time.