# With fate of economy in his hands, Powell plays it low-key | AP News

> An AP story on Jerome Powell's approach as new Fed chair describes the officials' single policy change of a quarter-point rate increase to a still-low range. The excerpt is fragmentary.

- Date: 2018-03-22 · published 2018-03-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/65908-with-fate-of-economy-in-his-hands-powell-plays-it-low-key-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A modest, expected rate hike supports the dollar and tempers commodity sentiment, but the impact on feed prices is limited.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-07-17 | [Powell says strong economy will keep rate hikes coming \| AP News](https://feedsoft.ai/events/63944-powell-says-strong-economy-will-keep-rate-hikes-coming-ap-news.md) | +0.5% | +1.8% |
| DXY | 2018-06-13 | [Fed raises key rate and sees possible acceleration in hikes \| AP News](https://feedsoft.ai/events/64439-fed-raises-key-rate-and-sees-possible-acceleration-in-hikes-ap-news.md) | +1.3% | +0.6% |
| DXY | 2025-02-28 | [The latest Australian dollar sell-off is a red flag for the economy - ABC News](https://feedsoft.ai/events/26332-the-latest-australian-dollar-sell-off-is-a-red-flag-for-the-economy-abc-news.md) | -1.5% | -1.3% |
| DXY | 2016-12-14 | [US raises key interest rate by 0.25% on strengthening economy - BBC News](https://feedsoft.ai/events/5969-us-raises-key-interest-rate-by-0-25-on-strengthening-economy-bbc-news.md) | +1.6% | +0.9% |
| DXY | 2022-09-28 | [Bank of England intervenes in market to halt economic crisis \| PBS News](https://feedsoft.ai/events/39832-bank-of-england-intervenes-in-market-to-halt-economic-crisis-pbs-news.md) | -1.8% | -1.5% |

## Sources

- apnews.com: https://apnews.com/general-news-e4498dee07de44ad9422cbfad21b42a5

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.