Fed Chair Powell: Inflation Well Above 2% Target, No Dot Plot Projection Provided Today
BlockBeats News, June 18th, Federal Reserve Chair Powell stated that the goal is to correctly implement monetary policy amid inflation well above the 2% target. Recent history should not be a prelude to an inflation problem, and no updated Summary of Economic Projections was provided today. He agreed that forward guidance may not be well-suited for the current situation. (Kryptonite)
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