Economics
Powell’s Monetary Policy Gets Muddled by Jittery Markets, White House
- Fed chair faces criticism from Wall Street to White House
- U.S. central bank expected to hold policy steady this week
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There’s what you think you said. There’s what you actually said. And perhaps most importantly for the steward of the world’s largest economy, there’s what people heard.
That’s a lesson Federal Reserve Chairman Jerome Powell is learning the hard way as he seeks to steer the economy between the twin shoals of overheating and recession while being buffeted by criticism from Wall Street to the White House.