Powell Reiterates Fed Likely to Keep Rates Higher for Longer Star
The Fed chief said recent inflation figures indicate it will likely take more time than previously thought to attain the confidence needed to lower interest rates, echoing comments he made earlier this month.
Powell described current policy as restrictive by “many, many measures”
but noted time will tell whether rates are sufficiently high to bring inflation back to the central bank’s 2% goal.
Bloomberg 14 maj 2024
Higher Interest Rates Have Changed the World
Benchmark US Treasury yields have shot from less than 1% in 2020 to more than 4%, reflecting the raised costs of financing for everyone from mortgage borrowers to business startups.
We asked leading economists and investors to reflect on the consequences of tighter money. Their responses have been edited for clarity and length.
Bloomberg 13 december 2023
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