Powell: We're very focused on "not making that mistake" of holding high rates too long

<p>I haven't been truly surprised by anything that Powell has said until that line.</p><p>There's a good argument for keeping rates high a bit too long and making sure the job is done right but he's talking here about threading the needle and bringing rates down at just the right moment.</p><p>To me, that signals a strong willingness to cut once they get a few more low inflation prints. March pricing is now at 80% and I've thought that's way too high in the past but this line changes that.</p>

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