Thursday, October 8, 2020

The Most Dovish Fed in History Is on a Mission to Spur Inflation

https://www.bloombergquint.com/businessweek/federal-reserve-chair-jerome-powell-is-on-a-mission-to-spur-inflation#:~:text=(Bloomberg%20Businessweek)%20%2D%2D%20Federal%20Reserve,in%20front%20of%20Fed%20headquarters.


(Bloomberg Businessweek) -- Federal Reserve Chair Jerome Powell has done everything to demonstrate his desire for higher inflation short of dressing up as a dove and cooing in front of Fed headquarters. In August he unveiled a policy that not just tolerates but seeks periods of inflation above the Fed’s 2% target. “The labor market is recovering, but it’s a long way—a long way—from maximum employm

Read more at: https://www.bloombergquint.com/businessweek/federal-reserve-chair-jerome-powell-is-on-a-mission-to-spur-inflation
Copyright © BloombergQuint

No comments: