Calamity Jay Powell Ditches Transitory Inflation Tag, Paves Way for Rate Hike (Compare To Volcker’s Record)
by confoundedinterest17 Calamity Jay Powell is no longer mentioning “transitory” when it comes to inflation, but does Powell and the FOMC have the moxie to ACTUALLY raise rates more than a smidge?? (Bloomberg) — Team Transitory is throwing in the towel. In a clear sign that the Federal Reserve is shifting to tighter monetary policy, Jerome Powell — … Read more