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The Federal Reserve, led by Jerome Powell, is cautious in its approach to inflation forecasts and rate cuts, aiming for credibility. Analysts warn of potential risks to economic growth and financial stability if the Fed delays action, with a 35% probability cited. The Fed's past mistakes have made it wary, leading to a 'trust, but verify' strategy.
New at THE OVERSHOOT: The Fed Looks Through a Great Inflation Print https://t.co/DNaFBPK2GH <-- After being burned by the unwelcome inflation surprises of the first few months of 2024, they are now justifiably reluctant to be fooled again. https://t.co/4xuiyuZ74v
Stung by Past Mistakes, a Wary Fed Takes Its Time, writes @NickTimiraos https://t.co/zoGoakbXOu
Stung by Past Mistakes, a Wary Fed Takes Its Time @NickTimiraos writes that Jerome Powell’s approach on inflation forecasts and rate cuts amounts to ‘trust, but verify’ pointing to a question of credibility. To me it increasingly feels as ‘just because’ https://t.co/vwNg44a5rr
