- Fed's chairman Powell: "It's fair to say" inflation is more concerning than earlier this year
Market news
28 September 2021
Fed's chairman Powell: "It's fair to say" inflation is more concerning than earlier this year
- We "do believe" inflation will come down; most of what's contributing to inflation from a small number of items
- We are, in my view, a long way from maximum employment
- We "have all but met" the test for tapering
- The test for raising rates is higher
- Even with a taper, we'll still be buying net bonds until mid-year
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