Powell Sends Mixed Messages as He Chickens Out on Rate Hikes
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday left the target policy interest rate (the federal funds rate) unchanged at 5.25 percent. This "pause" in the target rate suggests the FOMC believes it has raised the target rate high enough to rein in price inflation which has…
#federalreserves #fomc #jeromepowell #pce #readmore #powellexplainspause #robertaro #greatrecession #bandaid #sep