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Investors are betting that newly renominated Federal Reserve Chairman Jerome Powell will need to step up the pace at which the central bank is normalizing monetary policy to better grapple with surging consumer prices. For months, Powell has insisted the current bout of inflation is likely to be transitory, and said the central bank will ...
Wall Street traders are pricing in June rate hikes and further tapering of bond purchases by the Fed.
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Investors are betting that newly renominated Federal Reserve Chairman Jerome Powell will need to step up the pace at which the central bank is normalizing monetary policy to better grapple with surging consumer prices.
Calls for the Fed to normalize monetary policy more aggressively are now coming from some of the central bank’s own policymakers, reinforcing many investors’ views.
NEW YORK (Reuters) — Investors are betting that newly renominated Federal Reserve Chairman Jerome Powell will need to step up the pace at which the central bank is normalizing monetary