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Powell says Fed will hike further and faster if necessary
By Christopher Rugaber
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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: "I think it’s unlikely that the next policy rate move will be a hike."
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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
Fed will raise rates more aggressively if needed, Powell says
By Ann Saphir & Lindsay Dunsmuir
Powell says 'inflation is much too high' and the Fed will take 'necessary steps' to address
By Jeff Cox
Powell Says Look at Short-Term Treasury Yield Curve for Recession Risk
By Liz Capo McCormick, Ye Xie & Liz Capo