US Federal Reserve Chair Jerome Powell
Commentary: Powell pivots to patience
By Darrell Delamaide in Washington
US Federal Reserve Chair Jerome Powell wanted to make sure everyone understood that the Fed has changed its stance and that patience is the new byword. Not gradual rises in interest rates, not balanced risks, but patience. The consensus statement following the Federal Open Market Committee meeting on January 30 included the word ‘patient’ with regard to any future ‘adjustments’ in...