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Is the Fed ignoring market risk?

Powell has to choose a rate level that he thinks will get financial conditions to the right place at the right pace 

©The Financial Times Limited 2020 Feb 2, 2023 / 01:34 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Federal Reserve officials this week gave their clearest signal yet that they're willing to tolerate a recession as the necessary trade-off for regaining control of inflation.
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