-
Fed Prepares to Pivot
In making his speech at Jackson Hole in August, Federal Reserve Chairman Jerome Powell told us that he had a narrower focus than in previous meetings. “The Federal Open Market Committee’s (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal,” he said. It appears that such resolution — and the Chairman’s single-minded focus — may have ended after the FOMC increased the Federal Funds rate by another 75 basis points earlier this month. Despite several references in the text as to why inflation was likely to continue at a rapid pace — and well above the central bank’s ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Nov 26, 2022 11:39pm Nov 26, 2022 11:39pm
- Tholder676
- | Commercial Member | Joined Apr 2022 | 8 Comments
- Comment #2
- Quote
- Nov 27, 2022 1:45am Nov 27, 2022 1:45am
- TheWolf
- Joined May 2022 | Status: I'm Done | 205 Comments
- Comment #3
- Quote
- Nov 27, 2022 2:02am Nov 27, 2022 2:02am
- TheWolf
- Joined May 2022 | Status: I'm Done | 205 Comments
- Comment #4
- Quote
- Nov 27, 2022 12:31pm Nov 27, 2022 12:31pm
- dantpm
- Joined Aug 2022 | Status: Member | 120 Comments
- Comment #5
- Quote
- Nov 27, 2022 1:36pm Nov 27, 2022 1:36pm
- Guest
- | IP XXXX:e37d:4c10
- Comment #6
- Quote
- Nov 27, 2022 2:10pm Nov 27, 2022 2:10pm
- umbrella man
- | Joined Aug 2009 | Status: Member | 552 Comments
- Comment #7
- Quote
- Nov 27, 2022 4:51pm Nov 27, 2022 4:51pm
- dantpm
- Joined Aug 2022 | Status: Member | 120 Comments