• Pete

Fed Chair Powell Still In The Game

KEY POINTS From Jeff Cox CNBC

  • Fed Chairman Jerome Powell announced a major policy shift Thursday to “average inflation targeting.”

  • That means the central bank will be more inclined to allow inflation to run higher than the standard 2% target before hiking interest rates.

  • In addition to the inflation change, the Fed shifted its approach to employment in a way that will focus on those at the lower end of the income spectrum.


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