Jay Powell, “Let’s Go to the Videotape”
Former Global Chief Economist for JPMorgan Chase & Ph.D. in Economics
After today’s Federal Reserve decision to raise rates by 25 basis points to a 5.0% to 5.25% range, policymakers hinted they may pause rate hikes by saying they will be “determining whether additional policy firming may be appropriate.” With this wait-and-see message, I vividly remember the famous sportscaster and octogenarian Warner Wolf's catchphrase…
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