November 27, 2022

The Fed’s dilemma: how lengthy to ‘maintain at it’ on inflation

The Feds dilemma how long to ‘keep at it on

The Feds dilemma how long to ‘keep at it on

In an eight-minute speech delivered on the foothills of Wyoming’s Rocky Mountains in late August, Jay Powell sought to stamp out lingering doubt in regards to the US central financial institution’s dedication to combating the worst inflation in a long time.

Invoking the legacy of Paul Volcker — his predecessor who vanquished inflation within the Eighties — the sitting chair vowed the Federal Reserve would “maintain at it” till it bought worth pressures underneath management.

However two months on, what precisely “it” will take is…

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