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…
This article is only available to Business Times subscribers
Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
