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Powell says Fed will hike further and faster if necessary
By Christopher Rugaber
Is A Recession Coming?
By Wayne Duggan
The Odds Don't Favor the Fed's Soft Landing
By Greg Ip
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Formerly TwitterNick Timiraos
NickTimiraos
Takeaways from the Powell presser:
-There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes
-He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expected
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Nick Timiraos
NickTimiraos
Powell on taking politics into account when setting interest rates: "We just don't do that .... If you go down that road, where do you stop?"
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Heather Long
byHeatherLong
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
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Heather Long
byHeatherLong
“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
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All coverage
Powell says 'inflation is much too high' and the Fed will take 'necessary steps' to address
By Jeff Cox
Fed will raise rates more aggressively if needed, Powell says
By Ann Saphir & Lindsay Dunsmuir
Powell Says Look at Short-Term Treasury Yield Curve for Recession Risk
By Liz Capo McCormick, Ye Xie & Liz Capo