December 2, 2022
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Dubroff: Powell’s new tone a throwback to a different Fed era

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Henry Dubroff
Federal Reserve Chair Jay Powell has learned the art of strategic ambiguity. The Fed’s dovish Nov. 2 statement about taking into account “the lags” between rate hikes and economic impact cheered markets looking for a peak to Fed tightening. But those hopes were dashed by Powell’s subsequent “higher for longer” remark about the Fed’s final…

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