Investment Updates
Fed Says It Will Stick To Its Plan, As Bond Yield Rises
Published Friday, March 5, 2021 at: 8:49 PM EST
Federal Reserve chairman Jerome Powell says he won’t get fooled again. While the Fed in the past has acted preemptively in anticipation of higher inflation, Mr. Powell says he won’t make that same mistake again.
Speaking to The Wall Street Journal, Mr. Powell reiterated the economy is still “a long way from our goals of maximum employment and inflation averaging 2% over time.”
This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
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