Skip to content

Two rate paths the Fed is considering: Journalist

Federal Reserve Chairman Jerome Powell made it clear the Fed is focused on getting inflation down to 2% during his speech at the annual Jackson Hole Economic Symposium. The Wall Street Journal Chief Economics Correspondent Nick Timiraos described the mood at the symposium as “uneasy optimism.” Timiraos tells Yahoo Finance Live that there are two paths the Fed is debating right now. The first is one Philaldelphia Fed President Patrick Harker laid out in an interview with Yahoo Finance, which is to “hold where they are right now and then stay there for longer,” according to Timiraos. The other suggestion Timiraos is hearing is that maybe the Fed should “go up a little faster and if you have to cut sooner than you think, then that’s ok.”