A Tale of Two Chairs-Fed Policy views from Mr. Vivek Goel, Joint Managing Director, Tailwind Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/e7eb289389ed20ec64417d6f2ca4a154.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Views on Chairs-Fed Policy by Vivek Goel, Co-founder and Joint Managing Director, Tailwind Financial Services Limited
“The US Fed in their latest FOMC hiked rates by 25bps which was broadly in line with expectations even though there was some uncertainty if they might instead opt to pause in light of recent turmoil in the banking sector. However, with the messaging on remaining "committed to restoring price stability" they chose to go with a 9th consecutive hike taking the benchmark rates to 4.75-5.00%.
With this Fed Chair Jerome Powell went into the press conference and maintained their stance on fighting inflation, also indicating their view that tightening credit conditions should also help decelerate inflation while reaffirming faith in the stability of the banking system.
However, this was followed by his predecessor and now Treasury secretary Janet Yellen's Senate hearing where her remarks about not having considered a blanket insurance for bank deposits, irked the markets. Seeing this as mixed messaging among the Fed and Treasury, the banking sector saw a sharp fall pulling the markets lower.
Overall, we believe that the next couple of months will be important to see if inflation plays ball in line with market's hopes, otherwise we can expect further bouts of volatility as the Fed continues its attempt to balance the fight against inflation and maintaining financial stability.”
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)
Monthly Debt Market Update, September 2023: CareEdge Ratings
![Quote on RBI decision to discontinue the incremental cash reserve ratio (CRR) By Dr. Manoranjan Sharma, Infomerics Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/3fb5395769079c26d9056714d034c581.jpg)
![Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: Ajay Chaudhary](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/07e25a74a16d5c092d179215565d0295.jpg)
![3 Centres of Excellence set up by TIDCO finding good traction: Tamil Nadu Minister](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/e6ff15c8d3a72074f69cb881ab6584e7.jpg)