HomeNewsOpinionPowell Hampers the Federal Reserve With an Unforced Error

Powell Hampers the Federal Reserve With an Unforced Error

The central bank chair had no reason to take a future 75-basis-point interest rate increase off the table.

Jonathan Levin has worked as a Bloomberg journalist in Latin America and the U.S., covering finance, markets and M&A. Most recently, he has served as the company's Miami bureau chief. He is a CFA charterholder.

Robert Burgess is the executive editor for Bloomberg Opinion. He is the former global executive editor in charge of financial markets for Bloomberg News. As managing editor, he led the company’s news coverage of credit markets during the global financial crisis.

first published: May 6, 2022 09:31 am

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Powell Hampers the Federal Reserve With an Unforced Error

The central bank chair had no reason to take a future 75-basis-point interest rate increase off the table.

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