Fed policy 'restrictive,' but markets are 'buoyant': Fmr. Fed Pres.

The market has begun to price in the comments made by Federal Reserve Chair Jerome Powell after the Fed concluded its two-day meeting on Wednesday with a decision to keep rates steady. The debate about when or if the Fed needs to raise or lower rates to reach its target inflation goal continues.

Former Boston Federal Reserve President Eric Rosengren joins Market Domination Overtime to give insight into the Federal Reserve, its recent higher-for-longer decision, and its future policy maneuvers.

"I think [Powell] is being very careful in what he's saying at the press conferences now. He's right that monetary policy is pretty restrictive at this point. When you have an interest rate in the mid fives, and inflation rate that's using the core PCE at 2.8%, historically that's a pretty high real rate, which indicates that the Fed is being pretty restrictive on short term interest rates, which is what it controls," Rosengren tells Yahoo Finance:

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Nicholas Jacobino