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HomeNewsOpinionMohamed El-Erian: Jay Powell’s dovishness is right, but not for the reasons he believes

Mohamed El-Erian: Jay Powell’s dovishness is right, but not for the reasons he believes

Financial Times   •
©The Financial Times Limited 2020 May 3, 2024 / 10:57 AM 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.

Fed is unlikely to get to its 2% inflation target unless it is willing to impose major damage on the economy

Some of Powell’s press conference remarks in the past have been more dovish than the actual committee discussions on policy.

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