, Columnist
Powell Is Leaving Markets Dazed and Confused
The only thing that’s been decisive is the indecision. The Fed should have tightened by now to start tackling inflation — and still needs to get on with it.
Time to quit signaling and start the actual tightening.
Photographer: Brendan Smialowski/AFP/Getty
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If there’s one word to describe conditions in world markets, it might be “confused.” Somehow, the Nasdaq Composite index ended last week exactly where it had ended the previous Friday, but only after some dramatic deviations: