The paradox of financial conditions

Last week was a lesson in central bank «unusual» – developments that are less common and deserve to be thought through carefully as they speak directly to the future wellbeing of the global economy.

At Wednesday’s press conference that followed the announcement of a widely expected 25 basis point rate hike, Fed chair Jay Powell referred to disinflation some 11 times.
At Wednesday’s press conference that followed the announcement of a widely expected 25 basis point rate hike, Fed chair Jay Powell referred to disinflation some 11 times.Foto: Eric Baradat/AFP/NTB
Publisert 6. February 2023, kl. 15.42Oppdatert 6. February 2023, kl. 15.42
Financial TimesJerome PowellChristine LagardeAndrew BaileyFederal Reserve