Powell Says Rates Haven’t Been Restrictive Long Enough to Bring Inflation to Target

Wall Street Journal, June 28, 2023–Nick Timiraos, Tom Fairless (subscription)
The Federal Reserve is likely to raise interest rates further even though officials this month decided to slow the pace of rate increases by holding off on another move higher, Chair Jerome Powell said Wednesday.
https://www.wsj.com/articles/powell-other-central-bankers-face-uncertain-inflation-outlook-30bd34e5?