Powell Ready To Redefine Inflation

Fed Chair Powell’s Senate testimony proved to be way more hawkish than the prepared remarks, and this proved to be quite disruptive for financial markets on Tuesday.

Fed Chair Powell’s Senate testimony proved to be way more hawkish than the prepared remarks, and this proved to be quite disruptive for financial markets on Tuesday. The big headline came from the Q&A where Powell said it was finally time to retire the term transitory.

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