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I have often said that after a meeting of the ECB’s board or the Fed's interest rate committee (FOMC), one sentence that is barely noticed, turns out to be extremely important. Jerome Powell, Chairman of the Fed, among other things, disagrees with the idea that "we have reached the Fed's inflation target of 2 percent in any convincing way."

The US Inflation Rate Stood at 1.5 Percent or 2.1 Percent in January, Depending What Measure You Use

I Believe the Odds Are High That Economic Growth in the US – and the Rest of the World For That Matter – Will Surprise on the Upside Later This Year

These Decisions by the Fed Will – In My View – Hold Consequences for All Other Central Banks in the World, Among Which Our ECB

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