Will the Fed soften its rate hike path?
Daniel Murray of EFG Asset Management
US Fed chairman, Jerome Powell, recently described the conventional approach to setting US interest rates as "navigating by the stars".
So developments in the economy are assessed in relation to their long-run, neutral or normal levels to provide a signal for interest rates. For example, the long-run potential growth rate of the economy,...
More on US
Most read
Back to Top