Fed Chair Powell and officials shift from specific interest rate cut predictions to discussing broader economic scenarios amid policy uncertainty.
Fed Chair Jerome Powell and officials shift focus from specific interest rate cut predictions to discussing broader economic scenarios amid policy uncertainty. Former Fed officials say this change signals policymakers' uncertainty and aims to shift attention from detailed projections to a wider range of potential outcomes. The shift to 'scenario analysis' comes as the Fed faces challenges in taming inflation.
May 22, 2024
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