The world’s most powerful central banker, Jerome Powell, has decided against following Canada’s lead and will not commit to taking a break in raising interest rates.
While specifically noting the Bank of Canada’s rate hike pause a week ago, US Federal Reserve chair Powell refused to echo Canadian central bank governor Tiff Macklem’s optimism that he had inflation on the run.
“I think it would be premature, it would be very premature, to declare victory,” said Powell, at the Fed’s monetary policy news conference on Wednesday.
In many ways, Powell’s outlook on the economy was similar to Macklem’s. In some
