Powell Optimistic About Inflation and Jobs Outlook in Testimony
TL;DR
Federal Reserve Chair Jerome Powell said it is possible that inflation can cool without a large increase in the unemployment rate. Powell repeated that a “strong majority” of Fed officials think the Fed will engineer two more 25 basis point rate hikes by the end of the year. Powell also said that the Fed is working with small banks that have a concentration in commercial real estate loans.
Topics:businesseconomy#commercial-real-estate-loans#economy#federal-reserve#inflation#interest-rates#labor-market
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