The Fed Is Still Reiterating That They Want to Stay Tighter for Longer

Powell has been basically a little bit more confident in his assertions around inflation heading down, while still reiterating that they want to remain tight for longer. The Fed also, when they were talking about inflation being transitory or not be too concerned about inflation prior to this all happening, you know, I also think they were showing a misunderstanding of money creation,. It's not exactly what you want to see from the biggest central bank in the world. But my overall view is that he's getting a little bit less hawkish, but he's still reiteraying that they're going to stay tighter for longer.

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