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Powell says the Fed will not hesitate to keep raising rates until inflation comes down – #marketnews

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Powell says the Fed will not hesitate to keep raising rates until inflation comes down – #marketnews

“If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the central bank leader told the Wall Street JournalĀ in a livestreamed interview. “We will go until we feel we’re at a place where we can say financial conditions are in an appropriate place, we see inflation coming down.

We’ll go to that point. There won’t be any hesitation about that,”

POWELL: The economy IS very uncertain, as are outside events šŸ¤”

https://www.cnbc.com/2022/05/17/powell-says-the-fed-will-not-hesitate-to-keep-raising-rates-until-inflation-comes-down.html