Can The Fed Break Inflation’s Momentum In The Near Term?

Can The Fed Break Inflation’s Momentum In The Near Term?

From capitalspectator.com

Federal Reserve Chair Jerome Powell aims to try and on Tuesday expressed confidence that the central bank will aggressively persist in its quest to resolve its biggest inflation challenge in four decades. “If that involves moving past broadly understood levels of neutral [interest rates] we won’t hesitate to do that,” Powell told The Wall Street Journal yesterday. “We will go until we feel we’re at a place where we can say financial conditions are in an appropriate place, we see inflation coming down.” Emphasizing the Fed’s intention, he insisted that “there won’t be any hesitation about that.” ... (full story)

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