Powell Says Fed Rates Are Borderline Restrictive

The rate is. You can characterize it as in the high end of neutral or you can characterize characterize it as perhaps mildly restrictive, even modestly restrictive. No one knows for sure, but it's in that range where it's somewhere around the borderline between restrictive and not.Remember that that a big part of the disinflation we're looking for is just the runoff of when tariffs are put into place. Of course, what they do is they raise prices to some extent. To the extent those prices are, the tariffs ar ...