The Gorgeous Private Islands Where The Wealthiest Stars Spend Time To Relax And Unwind..JACKSON HOLE, Wyoming -The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy.
If you want to find snippets that suggested dovishness, you could find them," Blinder said, adding that if he had to break the tie, he would say it was "mildly to the hawkish side." Looking ahead, Blinder says, given Powell's tone, he thinks the Fed will raise rates by another 25 basis points, but that he hopes they don't do it. "I don't think they need to do it.
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