Some economists interpreted that as a sign that the Fed is now more tolerant of higher inflation.
Powell pushed back on the perception that the central bank has grown more comfortable with inflation being higher for longer than expected in his post-meeting news conference.
and my sense coming out of this month’s meeting was that Fed Chair Powell wants to get this easing cycle going sooner rather than later.
What’s allowing the Fed to be patient or more tolerant of higher inflation?
They’re willing to essentially look through some of the bumpiness in the inflation data at the beginning of the year.
Persons:
Jerome Powell, That’s, Powell, “, ” Powell, “ We’re, Mohamed El, Erian, ”, Bell, Lydia Boussour, they’re, What’s, we’ve, Nathaniel Meyersohn, Read, Levi Strauss, Tupperware
Organizations:
Washington CNN, Federal Reserve, Financial Times, Fed, Home Depot, Home, P Global, Institute for Supply Management, Maine Foods, Dave, Buster’s Entertainment, US Labor Department, US Commerce Department, Stanford University
Locations:
EY, Cal