Published Date Nov 14, 2023

Just last month at an event at the Economic Club of New York, Powell certainly didn’t sound convinced about the argument that inflation was under control: “A few months of good data are only the beginning of what it will take,” he said.

READ MORE: Stocks are soaring as Wall Street celebrates a cooler-than-expected inflation report that could signal the end of the Fed's rate hikes: ‘The immaculate disinflation continues’

By Caroline Gaudette

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