In an interview with Kai Ryssdal on Marketpleace.org Jerome Powell said at the five minute, forty second mark there will be 50 basis points increases and the Fed will do ‘more’ if needed to get inflation under control. Kai prodded him to admit 75 basis points might be the ‘more’ he was talking about to get inflation under control. Listen to the complete interview to get a drift of the Fed’s direction.
h/t inkslingerben
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