February 07, 2023 17:52 GMT
Powell: Main FOMC Message Is Disinflation Has Begun But Early Days
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- Paraphrasing Chair Powell: Main message from Wednesday was that disinflationary process has begun but it’s very early. This process is likely to take quite a bit of time. Then comes the labor market report for January, it's certainly stronger than anyone expected. But I would say it shows you why this will be a process that takes a significant period of time.