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randompittuser t1_jacoz6p wrote

Reply to comment by Surlax in The Fed is yet to catch up to the Taylor Rule estimate by Surlax

Powell said that’s not happening

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TwoAccomplished t1_jae3104 wrote

He said 0.75 beep hikes were not happening either, then did it 4 times in a row.

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randompittuser t1_jae4u05 wrote

I'm convinced most people are incapable of comprehending nuanced language. Here's what he said regarding 75bps rate hikes in March 22:

"A 75 basis point increase is not something that the committee is actively considering."

And here's what he said about raising the target inflation rate:

"We're not considering that. We're not going to consider that. Under any circumstances. We're going to keep our inflation target at 2%. We're going to use our tools to get inflation back to 2%."

So, you see how the first statement wasn't a dismissal of 75bps rate hikes? But rather a statement about what's been presently considered? There's a lot less nuance in the second statement.

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