Jerome Powell’s Laser Focus on Inflation

I’m Matthew Boesler, an economics editor in New York. Today we’re looking at Jerome Powell’s Senate testimony. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

Federal Reserve Chair Jerome Powell’s response was short and to the point when asked at a Senate hearing Tuesday what the central bank was looking for to get started with rate cuts: “We need just to see more good inflation data, that’s all.”