Fed Chair Powell: There is an obvious need to move expeditiously to a more neutral level, higher if needed By Frank_Macro Fed InterestRate Inflation
said in a speech on Monday that there is an obvious need to move expeditiously to a more neutral level and even more restrictive levels if needed to restore price stability, reported Reuters. The risk is rising that there could be an extended period of high inflation that could push longer-term expectations uncomfortably higher, Powell added, noting that the Fed needs to move expeditiously to combat that.
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