Was the December FOMC press conference a rookie mistake, or did the economic backdrop change that much over the past six weeks? Probably a bit of both. The carefully worded answers from Fed Chair Jerome Powell in the Q&A following the prepared statements in yesterday’s press conference spoke volumes to us, as he did not deviate from the message that, given the economic and inflation backdrop, “policy is about right.”
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.