*NOTE: Fed hikes rates 0.25% – marks first increase since 2018
Powell also said that economy’s “very strong,” can handle tighter policy
IMO Fed’s only jawboning to boost market morale – because major leading indicators show an eroding economy👇🏻
Fed’s tightening into a slowdown pic.twitter.com/OcgBrcXuo5
— Adem Tumerkan (@RadicalAdem) March 16, 2022
#Fed could begin to shrink its balance sheet as soon as May, Fed's Powell says. pic.twitter.com/MGFbNwNY5w
— Holger Zschaepitz (@Schuldensuehner) March 16, 2022
The Fed got inflation badly wrong — and now admits there’s no quick fix. Powell & Co. insist they will vanquish inflation, but it could take several years to get it back below 2% a year. Right now inflation is rising at a yearly 6% (PCE) to 8% (CPI) rate. https://t.co/GPvB1ka9lB
— Jeffry Bartash (@jbartash) March 16, 2022
Inflation will be long-term problem if Fed doesn’t ‘wake up and smell the coffee’: Art Laffer https://t.co/EQwscWEHq3
— FOX Business (@FoxBusiness) March 17, 2022