From “bumps on the road” to “lack of progress” and greater uncertainty:
Federal Reserve Chair Powell hardens his characterization of inflation.
#economy #markets
⚠️Earlier today #Fed VC Jefferson noted: "My baseline outlook continues to be that #inflation will decline further, with the policy rate held steady at its current level
...in contrast to Feb 22: "will likely be appropriate to begin dialing back policy restraint later this year" pic.twitter.com/E5F5bqcz2H
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*Walter Bloomberg
DeItaone
FED'S WILLIAMS: EVENTUALLY INTEREST RATES WILL NEED TO BE LOWER