Marquee Finance by Sagar

Marquee Finance by Sagar

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Marquee Finance by Sagar
Long Road Ahead!

Long Road Ahead!

Sagar Singh Setia's avatar
Sagar Singh Setia
Sep 23, 2022
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Marquee Finance by Sagar
Marquee Finance by Sagar
Long Road Ahead!
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“Reducing inflation is likely to require a sustained period of below-trend growth, and there will very likely be some softening of labor market conditions. Restoring price stability is essential to set the stage for achieving maximum employment and stable prices over the longer run. We will keep at it until we are confident the job is done.”- Jerome Powell, September 21st, 2022

The Federal Reserve Chair Jerome Powell reiterated that the Fed has the “means and resolve” to restore price stability. As I mentioned a fortnight ago in my newsletter: “Checkmate”, Powell has taken the “Volcker Avatar” and will relentlessly pursue his goal of bringing down inflation to the long-term target of 2%. But unfortunately, in the process, there will be “deeper” pain than anticipated.

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Summary Of Economic Projections (SEP), released four times a year, summarises the FOMC participants’ projections for …

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