Powell’s statements following the meeting, alongside discussions of reducing the balance sheet, were viewed as hawkish among investors. Economics Inflation
Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell's Rate Hike Statements
FOMC Says It Plans to Raise the Federal Funds Rate ‘Soon,’ Fed Chair Jerome Powell Insists Rates Will Change in MarchFederal Open Market Committee meeting took place, and members of the committee unanimously approved the decision to keep rates at near-zero levels. “Inflation risks are still to the upside in the views of most FOMC participants, and certainly in my view as well. There’s a risk that the high inflation we are seeing will be prolonged. There’s a risk that it will move even higher. So, we don’t think that’s the base case, but, you asked what the risks are, and we have to be in a position with our monetary policy to address all of the plausible outcomes,” Powell explained to the press conference attendees.