Powell Hawkish on 60 Minutes, China Restricts Stock Selling
Federal Reserve Chairman Jerome Powell maintained his relatively hawkish position in a widely publicized interview on 60 Minutes last night. During the interview JayPow reiterated his stance that at this time it would not be appropriate to cut interest rates in March. Elsewhere the selloff in Chinese stocks continued last night with yet more restrictions on selling now being imposed by Beijing to try to stop the bleeding as a collapsing real estate market and slumping consumer spending continues to hammer the world's second largest economy.
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