As inflation tide begins to turn, Hawks fly a lower path

The tone of Fed chairman Jerome Powell and Bank of England governor Andrew Bailey hints that tightening has gone too far. Fed chairman Powell and Andrew Bailey hint that tightening may be too much at risk to be taken seriously by the central bank's hawkish approach to the economy. The Fed is expected to raise the pace of interest rates in the coming months.

The tone of Fed chairman Jerome Powell and Bank of England governor Andrew Bailey hints that tightening has gone too far. Fed chairman Powell and Andrew Bailey hint that tightening may be too much at risk to be taken seriously by the central bank's hawkish approach to the economy. The Fed is expected to raise the pace of interest rates in the coming months.