Joe Biden speech
Financial Markets Remain Unsettled in Wake of Powell and Biden Speeches
October 20, 2023
Despite conceding that officials are carefully monitoring the recent sharp increase in bond yields, Federal Reserve Chairman Powell’s message remained hawkish overall. Inflation is still too high, a restrictive stance will be needed for quite a while longer, and further rate hikes may be required. The U.S. economy has shown resilience in the face of […] More
