SUBSTANTIAL FURTHER PROGRESS

And the 'tourist wonders if Powell sneaked in another hurdle for the Fed to jump over before they remove accommodation

Today was Fed day. Even though it should surprise no one, Fed Chair Powell reiterated the committee’s dovish stance.

Recently, I have focused on the language coming out of Fed Presidents’ mouths [NOT OUT OF THE WOODS YET] to get a better sense of their policy stance. Although it’s easy to understand why the Fed might be getting concerned about financi…