Financial Times/James Politi/5-25-2022
“Federal Reserve officials discussed the possibility of moving the US central bank to a ‘restrictive’ policy stance that would better fight inflation through more aggressive interest rate increases, but worried that this could undermine the strong recovery in the jobs market.”
USAGOLD note: This FT report complements the Morici opinion piece below. Despite the constant press references to a hawkish Fed, its inner workings, as reflected in the minutes from the May FOMC meeting, increasingly tilt dovish. Example: “Several participants commented on the challenges that monetary policy faced in restoring price stability while also maintaining strong labour market conditions.”
