On June 20, a bike passes by the Federal Reserve building in Washington. Last week, Fed chair Jerome Powell told Congress that the Fed would wait for “real evidence of genuine inflation” before raising rates, which is akin to keeping the door to a stable of pricey racehorses wide open in terms of monetary policy. Bloomberg photo/n
Read MoreWatch out for when the Fed loses the plot on inflation
2021-07-01T17:30:11-04:00July 1st, 2021|