Highlights from an interview with Powell on CNBC

  • Monetary policy has 'been in the ring alone' while fiscal policy sidelined
  • Not taking much of a signal from latest jobs report
  • Some of the things depressing growth are transient, some aren't
  • The dot plot isn't a forecast for rates
  • Markets are pricing in downside risks

It's tough to take a signal from his comments. He didn't come across as particularly enthusiastic or cautious about the outlook.