4 Nov 2021 Powell Adamant Higher Rates are not Yet Part of the FOMC Conversation

Ian Shepherdson (Chief Economist and Founder)4th Nov 2021 00:20U.S., Daily Monitor

Chair Powell is sticking to "transitory", though it will take longer for inflation to fall than previously hoped.
The Fed still is not talking about higher rates, but tapering could be accelerated if necessary.
Productivity likely dropped sharply in Q3, but it will rebound in Q4 and the outlook is very favorable.

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