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Federal Reserve Expected to Hike Rates Next Week, Despite Shaky Banks
A slight dip in inflation and new Washington safeguards for lenders seem to have reassured investors, for now.
A slight dip in inflation and new Washington safeguards for lenders seem to have reassured investors, for now.
The GOP-appointed Fed chair, whose term expires in 2022, has Dem admirers in the Senate.
Fed Chairman Powell’s words belie the official mandate, State Street’s Arone finds.
His stance clashes with that of Chair Jerome Powell, a sometime adversary.
Chair Jerome Powell declares that the Federal Reserve is in no hurry to reduce rates due to sticky inflation.
The classic trade-off between unemployment and inflation isn’t the same due to the Federal Reserve, in Peter Berezin’s view.