Powell says adjustments to Fed’s inflation-fighting framework shall be significant
Federal Reserve Chairman Jerome Powell on Wednesday defended the central financial institution’s evaluation of long-term coverage technique and mentioned the outcomes can be “significant.”
“I’d like for this evaluation to return out with a set of optimistic outcomes, significant enhancements,” Powell mentioned at his information convention. The evaluation is ready to be accomplished in the course of subsequent yr.
Some economists are frightened that the Fed is simply going to tweak its framework, which…