Powell warns against rapid rate reduction, ready to maintain higher rates if needed amid inflation.
Fed Chair Powell is kicking off the Q&A portion of his press conference now. Even as inflation has been reaccelerating, the Fed doesn't seem to concerned. A long pause still seems to be needed right now. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) March 20, 2024 Agreed, …