Comment on Powell sees tariffs raising inflation and says Fed will wait before further rate moves

shortwavesurfer@lemmy.zip ⁨1⁩ ⁨day⁩ ago

I actually watched the speech and one bit I found to be quite interesting is that he said if the two sides of the Mandate conflict they will deal with the side that is out of whack the most. So if unemployment were to massively increase, they would cut interest rates and accept a slightly higher inflation to bring the unemployment down. And if inflation went crazy and the jobs market was only slightly affected, they would raise interest rates until the inflation came back down.

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