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The Fed: Fed watchers left puzzled by what Powell was trying to communicate

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Federal Reserve Board Chairman Jerome Powell

For someone who prides himself on transparency, Federal Reserve Chairman Jerome Powell sure left people confused as to his intentions during a discussion in Dallas on Wednesday night.

Powell alongside Dallas Fed President Robert Kaplan discussed everything from the global economy to details about his previous job as a Fed governor. He emphasized the U.S. economy was strong while he had concerns about how long the recovery could last.

Read:Powell says he’s optimistic about the economy as he notes concerns from abroad

Here’s how Fed watchers interpreted his comments:

• “Although Powell had many opportunities to lean toward a more cautious policy stance, he largely stuck to his guns.

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