Fed Moving Towards Symmetrical Policy, JPMorgan's Michele Says

Bob Michele of JPMorgan Asset Management said the Fed would be "nuts" not to move to a symmetrical posture, signaling a more balanced policy stance. The comment is a market interpretation of Fed direction rather than a policy action, with limited direct price impact but relevance for rates and bond markets.

Analysis

Bob Michele of JPMorgan Asset Management said the Fed would be "nuts" not to move to a symmetrical posture, signaling a more balanced policy stance. The comment is a market interpretation of Fed direction rather than a policy action, with limited direct price impact but relevance for rates and bond markets.