Fed’s Powell: Rise in inflation compensation is a good thing

 

 

Fed’s Governor Jerome Powell crossed the wires last minutes, via Reuters, stating that an increase in inflation compensation is a “good thing”.

 

 

Key headlines (via Reuters):

  • Should a patient to see how fiscal policy unfolds
  • Focus on time and rate change may add to confusion
  • Communication should emphasize uncertainty of forecast
  • Dot plot changes over time reveal views on policy path
  • Dot plot isn’t useful predictor of near-term rate moves

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