Fed Officials’ Split on Tariff Impact Is Clouding Outlook for Bond Prices
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Bond and stock markets rallied recently on hopes that the so-called Federal Reserve “put” was alive and well.
Fueling the perception was Fed Chair Jerome Powell, who last week even resurrected the word “transitory” in reference to tariff-related inflation. He gave the sense to some investors that he'd be more responsive to slowing economic growth than any short-term price increases on the heels of levies from President Donald Trump.