Politico reports that Fed Chair Jerome Powell met with Democrats on the Home Monetary Companies Committee yesterday.
Talking after Tuesday’s hotter-than-expected CPI report, Powell mentioned current inflation information was “consistent with what they had been anticipating,” in accordance with Rep. Stephen Lynch (D-Mass.), and that the Fed would look to the upcoming PCE report back to “give them some more intel.”
Powell disregarding a sizzling CPI is definitely notable and it’s a must to marvel if phrase acquired out. We definitely know that Congressmen like to commerce and I am certain their pals would have appreciated to listen to that as effectively.
This text was written by Adam Button at www.forexlive.com.
