Published 3 years ago

Fed Chair Jerome Powell: "Inflation Could Turn Out To Be Higher And More Persistent Than We Expect"

Summary by Ground News

Jerome Powell says inflation is due to transitory factors. He says consumer prices will moderate once supply chain bottlenecks ease. Powell also said the central bank is prepared to take action if the problem proves more intractable than expected. The U.S. Federal Reserve is the world's largest central bank.

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Yahoo News

Fed’s Powell says inflation could be 'higher and more persistent' than expectations

Federal Reserve Chairman Jerome Powell said that inflation could be more aggressive and last longer than central bank expectations.

3 years ago·Los Angeles, United States

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CNN

Jerome Powell: Federal Reserve is confident inflation rates will go down

The Federal Reserve is confident that inflation will go down and left interest rates and monetary policy unchanged due to the incomplete economic recovery. CNN's Clare Sebastian reports.

3 years ago·Atlanta, United States

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KRDO

Jerome Powell: Fed is confident inflation rates will go down

By Anneken Tappe, CNN BusinessThe US economy in the second quarter expanded at a slower rate than expected but still at its fastest pace since last fall, growing at a seasonally adjusted, annualized rate of 6.5%.In terms of real gross domestic product — the broadest measure of economic activity — the economy has now recovered in that has grown bigger than its pre-pandemic size.Earlier this month, the National Bureau of Economic Research designat…

3 years ago·Colorado Springs, United States

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KIFI

Jerome Powell: Fed is confident inflation rates will go down - Local News 8

3 years ago·Idaho Falls, United States

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Washington Examiner

Fed’s Powell says inflation could be 'higher and more persistent' than expectations

Federal Reserve Chairman Jerome Powell said that inflation could be more aggressive and last longer than central bank expectations.

3 years ago·Washington, United States

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The Daily Caller

Inflation Could Be ‘Higher And More Persistent’ Than Expected, Federal Reserve Says

The Federal Reserve admitted Wednesday that inflation could increase quicker and for longer than the central bank has projected in recent months.

3 years ago·Washington, United States

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Fed Chair Jerome Powell: "Inflation Could Turn Out To Be Higher And More Persistent Than We Expect"

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Fed’s Powell says inflation could be 'higher and more persistent' than expectations

Fed’s Powell says inflation could be 'higher and more persistent' than expectations

Jerome Powell: Federal Reserve is confident inflation rates will go down

Jerome Powell: Federal Reserve is confident inflation rates will go down

Jerome Powell: Fed is confident inflation rates will go down

Jerome Powell: Fed is confident inflation rates will go down

Jerome Powell: Fed is confident inflation rates will go down - Local News 8

Jerome Powell: Fed is confident inflation rates will go down - Local News 8

Fed’s Powell says inflation could be 'higher and more persistent' than expectations

Fed’s Powell says inflation could be 'higher and more persistent' than expectations

Inflation Could Be ‘Higher And More Persistent’ Than Expected, Federal Reserve Says

Inflation Could Be ‘Higher And More Persistent’ Than Expected, Federal Reserve Says

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