Americans hoping for relief from years of rising prices may have just received an unwelcome message from the nation’s central bank.
The Federal Reserve left interest rates unchanged Wednesday, but the real story wasn’t the decision itself. It was the dramatic shift in tone coming from the Fed’s new leadership.
For years, former Federal Reserve Chairman Jerome Powell relied on lengthy statements packed with hints about where monetary policy might be headed next. Investors, economists, and Wall Street traders dissected every sentence searching for clues.
