Powell Treads Carefully

I’m Chris Anstey, a senior editor for economic policy in Boston, and today we’re looking at the Fed’s updated policy outlook. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter), via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

In the pantheon of iconic Mr. Men characters, there’s no Mr. Careful. But Federal Reserve Chair Jerome Powell could claim the title.