He didn't say that, and he never would, but he 'signalled': that's how Central Bankers roll, unless they are confronted with ridiculous propositions lolFed chairman Jerome Powell said the bank’s interest rate policy was still “sufficiently restrictive” but not enough progress was being made on taming inflation to warrant cutting rates.
“In recent months,” Mr Powell said at a news conference after the Fed’s decision, “inflation has shown a lack of further progress toward our 2 per cent objective”.
“It is likely that gaining greater confidence,” he added, “will take longer than previously expected
$2 PARTY, page-6121
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