Fed Minutes agreement on need for further half-point increases in June and July

 Mr. Powell last week laid out a relatively high bar to slow down rate increases. 

“This is not a time for tremendously nuanced readings of inflation,” he said. “We need to see inflation coming down in a convincing way. Until we do, we’ll keep going.”

WSJ 25 May 2022

https://www.wsj.com/articles/fed-minutes-show-growing-urgency-for-tighter-monetary-policy-11653501768


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