Various hypotheses in research notes this morning on why Federal Reserve Chair Jerome Powell seemed to "struggle" in answering some questions in his press conference re the inflation outlook, asset purchases, financial stability and the Main Street Lending Program. Hypotheses being put forward include him... Not wishing to suggest that monetary policy instruments are becoming less effective; Being quite pessimistic on the outlook for fiscal stimulus; and/or Not wishing to admit that the Fed is also trying to "insure" the financial system against electoral uncertainties. #fed #federalreserve #markets #inflation #economy #bonds #investing #stocks #equities #monetarypolicy #economics #centralbanks #currency #investors #gdp #gold #fx #volatility #unemployment #powell #foreignexchange …see more