t was his first appearance before US lawmakers since taking over as head of the US central bank earlier this month, but Jerome Powell didn't hold back from delivering two body-blow punches to financial markets.
The first was on the health of the US economy. The US bond market was sent reeling after Powell noted the US economic outlook had brightened in the past few months.
"My personal outlook for the economy has strengthened since December," he told members of the US House Financial Services Committee on Tuesday.
"We've seen continuing strength in the labour market. We've seen some data that will, in my case, add some confidence to my view that inflation is moving up to target.
Source: afr
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