-
Strong Jobs, Confused Fed!
Federal Reserve Chairman Jerome Powell gave yet another speech and contributed to more confusion on the outlook for interest rates. Speaking at Stanford University on Wednesday, he seemed sanguine about inflation. “On inflation, it is too soon to say whether the recent readings represent more than just a bump,” he said, reiterating his view that “the policy rate is likely at its peak for this tightening circle.” Powell’s views were countered over the two subsequent days by several of his Fed colleagues. Neel Kashkari, President of the Minneapolis Fed, told “Pension & Investments” on Thursday that ... (full story)