Re:Federal Reserve raises rates by 0.75%
by JumpCrisscross on Wednesday June 15, 2022 @02:31PM
(#31757220)
> now they're in a panic in the opposite direction
Powell spoke when he didn't have to. He didn't have to speculate on inflation being transitory. He didn't have to make precise forecasts. But he did. That's left egg on the Fed's face. But calling a 75 bp rate hike panic is hyperbole.
Powell spoke when he didn't have to. He didn't have to speculate on inflation being transitory. He didn't have to make precise forecasts. But he did. That's left egg on the Fed's face. But calling a 75 bp rate hike panic is hyperbole.