News about Powell

#Fed Chair says that after starting #2024 with 3 months of faster-than-expected hikes, it "will take longer than previously expected" for policymakers to become comfortable that inflation will resume the decline towards 2% Read more here 📖 www.zeebiz.com/economy-infra/world-economy/news-fed-leaves-rates-unchanged-flags-lack-of-further-progress-on-inflation-287662 #FOMC…

Posted earlier: As a follow-up to yesterday's #FederalReserve press conference, here are some thoughts on why Chair Powell's surprisingly dovish tone and content may end up being appropriate...though not for the reasons he put forward. www.ft.com/content/aa8c68f7-9dad-465f-ab92-c64c38337a84 #economy…

BREAKING! US nonfarm #payrolls increased by 175K, LESS than expected. As #Powell made very clear during the latest #FOMC press conference, the #FederalReserve wants to focus on both parts of its mandate again. Hence, any labor market weakness will re-open the door to rate cuts! pic.twitter.com/BquchxBg09

At today's press conference #Powell said he has no idea where all the #stagflation talk is coming from. He sees neither "stag" nor "flation." This is the same type of blindness that lead to prevision #Fed misstatements like "subprime is contained" and "inflation is transitory."