If a course correction is required in response to, say, mounting evidence of a recession, it will make the shift very jarring. The more policy intents are flagged in advance, the harder and more abrupt the turn....
“ I would say 50 basis points will be on the table for the May meeting, ” he told the forum.Of course, Powell knew that by putting his prestige on the line, a 50 basis-point increase was more than merely an option....
If the outlook changes materially, does he pre-announce smaller i
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2022-05-27 00:00:00.0