Powell's Pivot: Fed Likely to Adopt Tougher Stance as Inflation Climbs

Despite a period of dovish signals, the Federal Reserve is expected to revert to a hawkish stance due to rising inflation figures. This shift, anticipated by economists, comes after Federal Reserve Chair Jerome Powell previously indicated at a 2022 Jackson Hole meeting that tough measures might be necessary to manage inflation. Experts like Ellen Meade and Marc Giannoni suggest that recent easing in financial conditions will likely prompt a more stringent approach to monetary policy.