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Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting at the Federal Reserve in Washington on June 14, 2023. Mandel Ngan/AFP via Getty Images
Federal Reserve Board Chairman Jerome Powell has made himself and Fed guidelines clear. Although the board voted in June to pause the pattern of raising interest rates, policymakers aren’t finished with their anti-inflation efforts and will likely raise rates again before they’re done.
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”
