While Biden celebrates soft landing, the Fed is worrying: Inflation is retreating, giving new energy to Biden’s messaging after a year of price surges

[basquebromance]

Jay Powell will deliver his semiannual monetary policy testimony on March 7 at 10 am...good luck, he'll need it!

While Biden celebrates a soft landing, the Fed’s Powell is worrying

Inflation is retreating, giving new energy to Biden’s messaging after a year of price surges. But the early excitement could clash with the Fed’s goals.

www.politico.com

 

[kyzr]

2023 could be a tough year. The Fed will be sure inflation is down before re-opening the spigot in the 2024 election year.