Powell Set to Lay Groundwork for Higher Rates
Bloomberg Businessweek
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Will Jay Powell's Comments on Inflation Be a Hawkish One?
Janelle Jones: Does the strength and the continued strength, I should say, in the labor market, plus the bounce back that we've seen in the equity market kind of give Jay Powell some breathing room to be more hawkish as you guys were talking about earlier? She says there is some concern that the higher interest rates could hurt the labor market. Jones: But if you get those kind of remarks, you'll be coming in at a woman where you're going to put them in rate is at 3.4%.
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