Institutional models of Fed sentiment rate Powell's remarks as slightly hawkish, but in the neutral range. Analysts Jersey and Hoffman said the Fed spokesperson's recent stance suggests that the Fed will maintain a "stand still" policy stance for the next few meetings, and Powell is unlikely to change that stance. "We are unlikely to gain any new information or insight into the Fed's response function from today's congressional testimony, as the Fed is likely to stand still at least at the next meeting, and the banking committee's questions are more geared toward political statements than monetary policy issues," they said.