3min chapter

Forward Guidance cover image

Did The Fed Just Back Down? | Joseph Wang & Michael Ippolito

Forward Guidance

CHAPTER

The Fed's Predictions for the Baking Sector

Powell: I have no doubt that lending growth this year will be a lot slower than last year. If the credit does tighten significantly, that could prevent an underrate hike. "I thought it was really interesting how many times people were asking Fed Chair Powell what do you see in the baking sector?" he said.

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