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Powell Set to Lay Groundwork for Higher Rates
Bloomberg Businessweek
Jerome Powell's Tone Has Been More Hawkish Than Dovish, Right?
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The message has really been, first of all, that they're not done raising interest rates, more rate increases to come. So I think we're likely to see more hawkishness from Powell, but again, the message probably being that they're going to look at the data. Again, these key reports coming in before they make their decision. And what they don't want is for markets to start to believe that inflation is going to always stay this way and become an anchor.
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