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The Fed chair is looking for confirmation of last year’s low inflation readings
Fed meeting today: Live updates on March Fed rate decision (cnbc.com)Federal Reserve Chair Jerome Powell will continue to seek confirmation inflation is moving closer to the central bank’s 2% target, even after a recent spate of hotter inflation readings.
“The other thing is, in the second half of the year, you had some pretty low readings, so it might be harder to make that 12 month window forward,” Powell said.
“Nonetheless, we’re looking for data that confirm the low readings that we had last year,” Powell continued. “And give us a higher degree of confidence that what we saw was really inflation moving sustainably down to 2%.”
$2 PARTY, page-1703
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