By John Persinos
Allow me to vent for a sec. I'm sick and tired of writing about the Federal Reserve. The central bank's monetary policy deliberations overshadow all financial discourse. I often resent the overweening clout wielded by these unelected bureaucrats who bestride the Wall Street-Washington axis of power.
Okay, with my cri de coeur out of the way, let's see how Fed Chair Jerome Powell once again proved that he's not only the most powerful man in America, but also in the world.
During a speech Wednesday at the Brookings Institution, Powell asserted that smaller interest rate increases are likely ahead, perhaps starting this month. He warned that monetary policy will remain restrictive until there's clear and lasting progress in curbing inflation, but he struck a softer tone.
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