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UBS On-Air: Paul Donovan Daily Audio 'Taking time means tightening'
Published 1 year, 6 months ago
Description
Federal Reserve Chair Powell said yesterday that the strength of the US economy and labor market meant the Fed could take its time in cutting rates. This is a rather risky point of view. US inflation has collapsed more than eight percentage points, and the harmonized measure is below 2%. Taking time means tightening policy further. Can the US economy withstand more tightening?