Powell: RATES MAY NOT NEED TO RISE AS HIGH GIVEN CREDIT STRESS

11:23 p.m. ET The Dollar dropped sharply as did yields on this comment. Stocks were coming down before that, but this should lend support, at least until the next comment. U.S. Dollar Index (1m) dropping on Powell’s comment DOVISH. 2-year UST futures (1m) jumping on the comment. I’m not sure where the 2-year yield was…