🇺🇸 SUMMARY OF FED CHAIR POWELL'S COMMENTS (5/14/24): #news
1. "Overall a good picture looking at US economic data"
2. Inflation was notable in Q1 for the lack of further progress
3. Housing inflation has been a bit of a puzzle for the Fed
4. Restrictive policy may take longer than expected to lower inflation
5. Unlikely the Fed's next move will be an interest rate hike
6. "Credibility is everything for central banks"
HT
FinancialWorldUpdates
