The Fed: Powell paints hawkish picture at press conference

by | Dec 14, 2022 | Stock Market

After the release of soft consumer-price data on Tuesday, many economists thought it might open the door for Federal Reserve Chair Jerome Powell to let his inner dove fly. That didn’t happen. Instead, the Fed took hawkish actions — and Powell followed up with hawkish talk. “There was nothing dovish in the [Federal Open Market Committee] today,”…

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