At the Riksbank International Symposium, Fed Chairman Jerome Powell hints without mincing words that even for 2023 there will be rate hikes probably up to 5% and that the Fed’s action will not stop regardless of the macro picture.
2023 begins in the same way as 2022 had ended: in anticipation of CPI data, Jerome Powell, chairman of the US Fed, speaks during the Swedish keynote speech talking about the fight against inflation as a problem that requires bold measures that will be able to go against public opinion in order to be effective.
The Federal Reserve Chairman is aware of the problems that realigning prices through rate action brings but it is a necessary evil for the health of the US economy and indirectly the entire planet.
Following the speech in Stockholm at the Riksbank with tones of a true hawk of economic policy, the stock markets in Europe close weak and Milan thus loses 0.08%, meanwhile Schnabel of the European Central Bank along the lines of what the top US econ
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