Fed chair Powell speaks in an interview on NPR's Morning Edition
- As economy recovers and makes substantial progress towards Fed goals, we will roll back bond purchases
- The process will take place with the greatest transparency
- Level of debt today is not unsustainable
So far, nothing in there that he hasn't already said before. It doesn't look like the Fed will offer up more clues in the near-term until there is more clarity in the trajectory of economic data over the next few weeks/months.
As such, the Treasuries market is left to fend for itself in the meantime.