- Has concerns about high and potentially spreading inflation
- Labor market largely in balance, any stress likely due to structural change that small Fed rate cuts won’t address
- Financial conditions appear easy, nothing to suggest they’re particularly tight
- Lower rates could hurt if Fed’s commitment to 2% inflation called into question
He makes a compelling argument. Powell hinted that the December Fed meeting will be a real fight.
This article was written by Adam Button at investinglive.com.
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