Fed Chair Powell Says The Inflation Remit Itself Is Quite Narrow, Determined By PCE; We Have Spent An Inordinate Amount Of Time Looking At Our Monetary Policy, Our Tools, The Data At Our Disposal; The Decision We Made Today Was Farthest Thing From Inertia That I Can Imagine; If I Look At Treasury Curve, The Dollar, What They Are Broadly Saying Is FOMC Does Own It, Has The Credulity To Deliver; I Selected 15 Subject Matter Experts To Tackle 5 Questions; We Are The Decision Makers
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Why It Matters
The Federal Reserve's leader says the Fed studied the data carefully and made a tough choice about interest rates to fight inflation. When people look at bonds and money markets, they seem to trust the Fed knows what it's doing.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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