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Fed's Powell, others, not ready to call policy peak

From nasdaq.com

U.S. Federal Reserve officials including Fed Chair Jerome Powell said on Thursday they are still not sure that interest rates are high enough to finish the battle with inflation, with Powell cautioning that the Fed may get little further help in taming price increases from improvements in the supply of goods, services and labor. The Fed "is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time; We are not confident that we have achieved such a stance," Powell said at an International Monetary Fund event briefly disrupted by climate ... (full story)

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  • Category: Fundamental Analysis