Powell: No decision has been made on potential 50 bps hike

Early comment in the House from Powell, he notes that there is still data to come before the March 22 and that he hasn't seen today's JOLTS data.

• March decision is data dependent, we will be guided by incoming data
• Notes jobs and CPI data
• When I said we're going to be looking at the data, it meant upcoming data
• We have not made any decision about the March meeting

You have to assume this is a deliberate Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term pushback on the market pricing a 70% chance of 50 bps today (though it's coming down on this comment).

The question was: How do you think about the March meeting? So it was open-ended and I even wonder if he asked to be asked that question because he was immediately ready and read from notes.