The US central bank held its funds rate unchanged, but noted that it may be ready to cut its interest rate in September should inflation continue to improve.
It's funny, I don't think they consider the dollar's value at all. I think Powell simply is terrified that as soon as he cuts, inflation is going to tick back up and the uproar will be huge. he's still afraid of Arthur Burns' ghost
and thanks for the shout out
It's funny, I don't think they consider the dollar's value at all. I think Powell simply is terrified that as soon as he cuts, inflation is going to tick back up and the uproar will be huge. he's still afraid of Arthur Burns' ghost