Friday's Fed speakers, maintaining status quo rhetoric - ANZ

Analysts at ANZ noted that Chairman Jerome Powell published the semi-annual Monetary Policy Report on Friday. 

Key Quotes:

"The new Fed chief did not deviate from the published view of “further gradual increases in the federal funds rate” given an economy “near or a little beyond full employment.” Comments on rules-based policy-setting suggested no change of approach here either."

"Dudley, Rosengren, and Williams also spoke Friday. Dudley said QE is a useful tool while at the zero lower bound. Rosengren commented that it’s quite likely we will need QE again in the future."

"Williams maintained his hawkish bias, noting the risk of overheating. All up, everyone stuck to their (own) script, which may have contributed to Friday’s market enthusiasm."