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Powell weighs in again, and it is beginning to sink in.
finance.yahoo.com - Feds powell sees no risk free path for interest rates after central banks cut last weekFederal Reserve Chairman Jerome Powell said there is "no risk-free path" for the central bank's next policy move as inflation remains elevated while the job market weakens.
It's "a challenging situation," Powell said during a speech in Rhode Island on Tuesday, reiterating that the Fed must balance its dual goals of maximum employment and price stability.
My point is that Powell was not supposed to sound like Greenspan. Something happened. He sounds just as nebulous.
There is nothing nebulous going on.
