šŸ“° FED FACES COMMUNICATION CHALLENGE AFTER TRUMP WIN It is beyond the Fed’s mandate to react to anticipated fiscal-policy changes, but that backdrop will be on central bankers’ radar right away, Jefferies Global Head of FX Brad Bechtel tells The Wall Street Journal. ā€œJay Powell has proved himself very effective at communicating, at keeping the ball right down the middle of the fairway,ā€ Bechtel says. ā€œI don’t think he’ll necessarily explicitly talk about any increased spending, but he’ll know in the back of his mind that there will be a positive economic impulse.ā€ More Fed cuts this year are likely, but the central bank may hold rates steady next year at a higher rate than they would have under a Harris administration, Bechtel says.

FED FACES COMMUNICATION CHALLENGE AFTER TRUMP WIN

It is beyond the Fed’s mandate to react to anticipated fiscal-policy changes, but that backdrop will be on central bankers’ radar right away, Jefferies Global Head of FX Brad Bechtel tells The Wall Street Journal. ā€œJay Powell has proved himself very effective at communicating, at keeping the ball right down the middle of the fairway,ā€ Bechtel says. ā€œI don’t think he’ll necessarily explicitly talk about any increased spending, but he’ll know in the back of his mind that there will be a positive economic impulse.ā€ More Fed cuts this year are likely, but the central bank may hold rates steady next year at a higher rate than they would have under a Harris administration, Bechtel says.