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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 TwitterMohamed A. El-Erian
elerianm
Asked about the level of inflation, Federal Reserve Chair Powell responds "3% cannot be in a sentence with satisfactory."
What if 3% turns out to be closer to the equilibrium inflation rate for a US economy (i) going through major structural changes, several of which are…
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Mohamed A. El-Erian
elerianm
It is happening again:
Fed Chair Powell's press conference has fueled significant market moves (see arrow in Bloomberg's 2-year yield chart below) as both the content and the tone of his remarks are notably more dovish than how the markets had interpreted the statement itself.… pic.twitter.com/jMtUCAAdvP
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Nick 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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All coverage
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