Powell Signals the Fed Did the Job on Inflation

I’m Chris Anstey, a senior editor in Boston, and today we’re looking at Fed Chair Powell’s latest signal on interest rates. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

Investors’ biggest risk event this week, in the view of one equity strategist, was reporters “popping the question” to Fed Chair Jerome Powell: Will you entertain the idea of raising interest rates, given faster-than-expected inflation and continuing economic strength?