Powell sees a new Fed phase where the focus returns to inflation

I am Chris Ansteyan economics editor in Boston, and today we look at the Fed’s new policy phase. Send us feedback and tips [email protected] or contact X via @economy. And if you are not yet signed up to receive this newsletter, you can do so here.

For Wall Street, it was the worst day of Federal Reserve policy decisions in more than two decades — a period that spanned the worst financial crisis since the Great Depression and the most devastating global pandemic in a century.