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Powell Q&A: Strong view of FOMC is need to stay with rates high until inflation falls
- Expectation is that services inflation will not move down quickly so we'll have to raise rates higher
- Non-housing related services inflation will take a substantial period to get down
- 4.7% unemployment would still be a strong labor market
- Appropriate thing to do is slow pace of hikes, will allow us to 'feel our way' but won't say whether 50 bps or 25 bps
- Need to see non-housing services sector "get into better balance"
- “It’s now not so important ho... Read More
Posted: Dec 14 2022, 19:47
Author Name: forexlive
Views: 111596