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Thread: Move all investment money into fixed income?
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Old 11-22-2022, 08:42 AM
melpetezrinski melpetezrinski is offline
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Quote:
Originally Posted by Daddymac View Post
Fed Chair Jerome Powell signaled officials will likely take interest rates even higher than the 4.5-4.75 percent they initially projected in September, but might take smaller steps to get there. That could mean rate hikes worth a slower half a percentage point — and eventually a quarter point.Nov 3, 2022 Bank Rate.
Does NOT support the quote, "Jerome Powell, head of the Federal Reserve, has said that the goal is for interest rates to be more than the inflation rate." Now, it is very well possible that the fed funds rate will exceed the inflation rate in the future but I don't think Powell explicitly stated that goal.