News about inflation, Fed

"An ancient Chinese proverb that counsels “do nothing, and everything will be done” could sum up the Federal Reserve’s latest approach to interest-rate policy." The above and the attached are from @NickTimiraos's article in the @WSJ, "Fed to Signal It Has Stomach to Keep Rates… pic.twitter.com/E8g1otnaRz

#Fed Chair #Powell: "Inflation has eased substantially over the past year while the labor market has remained strong. And that's very good news... But inflation is still too high. Further progress in bringing it down is not assured. And the path forward is uncertain" pic.twitter.com/19ib9bIekf

Fed Chair Powell summary today: 1) A rate hike is very unlikely 2) His base case is to cut rates later this year, but it’s not a given 3) No sign of stagflation 4) 3% inflation is not acceptable #Fed #economy pic.twitter.com/s6UwoWoSuz

“I don’t see the stag or the ‘flation” - Fed Chair Powell sees no signs of stagflation He expresses surprise people are talking about it right now with strong growth and inflation at 3% pic.twitter.com/KqqlZOwXFT