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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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Mohamed A. El-Erian
elerianm
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
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