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Another Powell pivot raises questions about the Fed's policy credibility
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If the Federal Reserve meets expectations next week and announces a more aggressive unwind of the measures taken to boost the economy, it will mark an important policy shift for the U.S. central bank and Chairman Jerome Powell.
Again.
The Powell Fed, in fact, has become almost as known for its abrupt changes in direction as it has for the unprecedented levels of stimulus it has provided during the pandemic.
«What the Fed has proven is the difficulty in forecasting by both committee and
Read more on cnbc.comAbout this in other media
Fed Meets for First Time Since Powell Signaled Policy Shift wsj.com /3 years ago
Fed Prepares Faster End to Stimulus, Making Earlier Rate Increases Possible wsj.com /3 years ago
Investor Peter Boockvar blames Fed policy 'mistake' for surging housing and auto prices cnbc.com /3 years ago
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