“Chair Powell, what’s the value in pausing and signaling future hikes versus just hiking now?” asked Nick Timiraos from the WSJ. “ I mean, not to be flippant, but I don’t lose weight just by buying a gym membership; I have to actually go to the gym,” continued the reporter, as his colleagues in the press corps looked on in awe, praying to someday engineer such a perfect question, delivered so casually, beautifully. “Sixteen of your colleagues put down a higher year-end ’23 rate today. A majority of you […]
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