Federal Reserve Chair Jerome Powell, in his most hawkish remarks to date, said the US central bank will keep raising interest rates until there is “clear and convincing” evidence that inflation is in retreat. “What we need to see is inflation coming down in a clear and convincing way, and we’re going to keep pushing until we see that,” Powell said Tuesday during a Wall Street Journal live event. “If that involves moving past broadly understood levels of ‘neutral,’ we won’t hesitate at all to do that.” NN: I want to be clear here. We have warned for over 2 years that inflation was embedded and the Fed was fucking up royally. We now have the double whammy of an over stimulated economy and a full blown energy crises that will not go away anytime soon… I have revised my interest rate prediction. I now see the Fed raising rates to 10% WITH NO REPRIEVE. This is a unmitigated disaster that changes the orbit of the planet.