TechFlow news, according to Jinshi Data, Federal Reserve Chair Powell stated that the Fed expects further monetary tightening. The central bank hasn't been in restrictive territory for very long, and he believes more rate hikes are likely.
He also said the dot plot indicates most officials support two additional rate hikes. Monetary policy is restrictive, but not restrictive enough. The U.S. labor market is indeed driving the economy. As you get closer to your target, you approach a balanced risk profile. He did not rule out the possibility of taking action at consecutive meetings.
Add to Favorites
Share to Social Media
