Federal Reserve chairman Jerome Powell holds a press conference in Washington on January 30 following a two-day policy meeting. Photo: Reuters
Kerry Craig
Opinion

Opinion

Macroscope by Kerry Craig

So, are US interest rates going up or down? All we know is that the Fed doesn’t really know

  • Kerry Craig says it is rare for the US Federal Reserve to pause during a tightening cycle. But Fed chair Jerome Powell seems to have abandoned a previous policy of giving clear signals to the market

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Federal Reserve chairman Jerome Powell holds a press conference in Washington on January 30 following a two-day policy meeting. Photo: Reuters
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