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Powell: Intention is a soft landing but path has gotten more and more challenging

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Powell June 22 2022

It’s the second day of testimony for the Fed chair. He’s so far repeated much of what he said yesterday but I wanted to highlight the headline comment because it fits in with the price action in the market today as the focus shifts to growth.

More:

  • There is a problem with longer-term housing supply
  • Housing market is slowing down to some extent now due to higher mortgage rates
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