#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…

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

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