Powell Exudes Confidence, Hawks Get Louder and Cases Rise

The Federal Reserve Open Market Committee (FOMC) met on Wednesday and elaborated on their decision not to raise rates or adjust the pace of asset purchases. Given the re-emergence of healthcare concerns around the Delta variant, there was much attention on the tone Powell struck with regards to the emerging risk. He exuded confidence on the issue and didn’t think that the Delta would severely derail the timeline to begin reducing the ultra-accommodative posture the central bank has kept since...

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