Reported 5 months ago
Federal Reserve Chair Jerome Powell and other U.S. central bank officials have shifted their discussion towards "scenario analysis" in response to uncertain monetary policy conditions and inflation management. The shift away from explicit guidance on rate cuts reflects a focus on different potential economic paths and corresponding policy reactions, aiming to address uncertainties and manage public perceptions effectively. This change comes amid unexpected economic developments challenging policymakers' quarterly projections, with a view towards conveying likely alternatives rather than precise predictions.
Source: YAHOO