Fed Chair Powell ‘backed himself into a corner’ by predicting rate cuts this year and is now in a ‘tricky situation,’ according to this chief investment officer
finance.yahoo.com/news/fed-chair-powell-backed-himself-175651491.html
Just a few months ago, Federal Reserve Chairman Jerome Powell was looking quite prescient. After being criticized for years by economists, Wall Street titans, and CEOs for mistakenly labeling inflation as “transitory” in 2021, Powell’s response to his inflation predicament—rapid interest rate hikes—managed to quash the bulk of consumer price increases by the end of last year,…
This story appeared on finance.yahoo.com, .