News about Inflation

"The U.S. economy is different this time," Fed Chair Powell says. "People financed themselves into very low-rate mortgages, and now they won't move." "The same is true of businesses" + "it may be that policy is hitting the economy not quite as strongly." www.youtube.com/watch?v=lASjtnSMsiQ

Cleveland Fed President Loretta Mester said it’s too soon to conclude inflation progress has stalled. She thinks the central bank can wait comfortably for evidence inflation will resume a downward trend www.wsj.com/economy/central-banking/mester-says-fed-in-really-good-place-to-study-economy-before-charting-rate-path-a653bd1c?st=z5rytmdzf1nklp8

No meaningful change in the economic outlook since Powell's last comments means no meaningful change in Powell's outlook today: The key line: "We’re just going to have to see where the inflation data fall out” www.wsj.com/economy/central-banking/fed-chair-jerome-powell-maintains-wait-and-see-posture-on-inflation-and-rates-1cd35820?mod=e2twe

Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates www.wsj.com/economy/central-banking/fed-chair-jerome-powell-maintains-wait-and-see-posture-on-inflation-and-rates-1cd35820?st=cv7dij8ar2n9mgl