"What we need to see is inflation coming down in a clear and convincing way and we're going to keep pushing until we see that," Mr Powell said at a Wall Street Journal event."If we don't see that, we will have to consider moving more aggressively" to tighten financial conditions.
But if inflation does not fall, Mr Powell said the Fed would not flinch from raising rates until it does. What happens next — how much more the central bank hikes rates, and how fast — depends on how the economy and inflation evolve, something Mr Powell said the Fed would evaluate"meeting by meeting, data reading by data reading."
At the same time, the war in Ukraine is making food and fuel more expensive around the world, while a new round of coronavirus lockdowns in China threatens to keep prices rising for manufactured goods and industrial inputs.
Tell him don’t bs…lah!😆😆😆You think he will really do this and kill his golden goose which is his investment in equity market. Just another crony. If he is serious, he need to raise rates at the very least to 4% or more immediately with inflation hovering more than 7 or 8%
Ok..
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