Powell’s ‘restrictive’ emphasis maximizes Fed flexibility: McGeever

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Powell’s ‘restrictive’ emphasis maximizes Fed flexibility: McGeever

By Jamie McGeever ORLANDO, Florida (Reuters) -Central bankers choose their words carefully, so recent comments from the Federal Reserve’s two most senior policymakers that U.S. monetary policy could stay “restrictive” rather than “higher” for longer should not be overlooked. While it may just seem like semantics, Fed Chair Jerome Powell and Vice Chair Philip Jefferson’s language increases the Fed’s flexibility on the near-term interest rate path…