Fed's Powell: I don't think it's likely that the next move would be a rate hike. It's more likely that we would hold the policy rate where it is.
Restrictive policy may take longer than expected to do its work, & bring inflation down.
(He could always be honest and tell us he's fighting a powerful fiscal impulse that's offsetting Fed policy)
Fed's Powell: I…
2024/05/14 23:38
Fed's Powell: I don't think it's likely that the next move would be a rate hike. It's more likely that we would hold the policy rate where it is. Restrictive policy may take longer than expected to do its work, & bring inflation down. (He could always be honest and tell us he's fighting a powerful fiscal impulse that's offsetting Fed policy)