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Powell opens the door to rate cuts this year "if inflation comes down much faster"
Here's an important line from Powell:
- If we do see inflation coming down much more quickly, that will play into our policy setting, of course
- If inflation comes down faster, we will incorporate that into our policy
- It will not be appropriate for us to cut rates thsi year, according to our currently outlook
He also said that a lower terminal rate in Fed funds priced into markets doesn't worry him because it comes about due to the market's belief that infl... Read More
Posted: Feb 1 2023, 20:10
Author Name: forexlive
Views: 102252