Yet two months into 2024, Jerome Powell and his Fed colleagues seems to have nearly pulled off what many would have called a miracle not long ago. Between a rock and a hard placeThe January Fed meeting minutes reinforced policymakers' careful approach for the months ahead. AdvertisementTo be sure, as far as policy expectations, markets have only recently arrived on the same page as the Fed. "The Fed doesn't want to be seen as having allowed inflation to reignite," he added. "The Fed doesn't want to undo all the good work they've done, and needlessly push the economy into a recession."

---

Persons: —, Jerome Powell, Powell, James McCann, Abrdn, Gene Goldman, CME's, Gregory Draco, Draco, Larry Summers, Summers, Cetera's Goldman, Goldman, Abrdn's McCann, McCann Organizations: Service, Federal Reserve, Business, Co, Fed, Cetera Investment Management, Bloomberg