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

<ul><li>Economy has been 'remarkable'</li><li>US economy may be structurally more-resilient to higher rates but I don't see evidence yet</li><li>It's hard to draw a 'direct line' from things like higher bond yields to a monetary policy response</li><li>The Fed is "not going to ignore" a significant bond tightening, but do not have to make a decision now</li><li>There are many candidate explanations for higher bond rates, says there are 5-6 good ones</li><li>We won't ignore higher yields but don't have to make a decision now</li><li>The bigger mistake is not getting rates high enough</li><li>r-star is not a particularly useful way to think about policy</li></ul><p>There wasn't anything said in the Q&amp;A that moved the market.</p>

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