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Investors Should Care About the Logic Behind the ‘Powell Pivot’
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wsj.comThe Powell Pivot is the one thing that can compete with Omicron for investor attention. That will be clear when the Federal Reserve discusses a faster taper of its bond purchases at this week’s meeting, due to conclude on Wednesday.
What really matters is the reasoning behind Fed Chairman Jerome Powell’s change of mind on monetary policy (aka the Powell Pivot). After months of reassuring everyone that inflation was “transitory” and would go away by itself, at the end of November he abandoned the
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