Published 2 years ago

Clock is running for U.S. Federal Reserve to bring inflation down, Powell says

Summary by Ground News

Jerome Powell said there is a risk U.S. Federal Reserve interest rate increases will slow the economy too much. Powell said the bigger risk is persistent inflation that starts to let public expectations about prices drift higher. Powell used his appearance at the ECB's annual conference in Sintra, Portugal, to further emphasize the Fed's do-whatever-it-takes approach.

0 Articles

All

Left

Center

Right

Reuters

Fed's Powell says clock is running to bring inflation down

The Federal Reserve will not let the economy slip into a "higher inflation regime" even if it means raising interest rates to levels that put growth at risk, Fed Chair Jerome Powell said on Wednesday in remarks emphasizing the U.S. central bank's do-whatever-it-takes approach to tempering future price hikes.

2 years ago·United Kingdom

Read Full Article

New York Post

Fed’s Jerome Powell says ‘clock is running’ to bring inflation down

The Federal Reserve will not let the economy slip into a “higher inflation regime” even if it means raising interest rates to levels that put growth at risk, Fed Chair Jerome Powell said on Wednesday in remarks emphasizing the US central bank’s do-whatever-it-takes approach to tempering future price hikes. “The clock is kind of running on how...

2 years ago·New York, United States

Read Full Article

The Globe & Mail

Clock is running for U.S. Federal Reserve to bring inflation down, Powell says

Fed chair Jerome Powell said on Wednesday that a bigger risk facing the U.S. central bank is persistent inflation that starts to let public expectations about prices drift higher

2 years ago·Canada

Read Full Article

Moneycontrol

Fed's Jerome Powell says clock is running to bring inflation down

"The clock is kind of running on how long will you remain in a low-inflation regime ... The risk is that because of the multiplicity of shocks you start to transition into a higher inflation regime, and our job is to literally prevent that from happening and we will prevent that from happening," Powell said at a European Central Bank conference.

2 years ago·India

Read Full Article

The Blaze

Fed chair Jerome Powell says US economy in 'pretty strong shape,' hopes to bring down inflation

At the European Central Bank’s annual policy forum in Sintra, Portugal, U.S. Federal Reserve Chairman Jerome Powell expressed optimism about the forecast for the American economy, but still called "price stability" his highest concern.Alongside fellow panelists ECB President Christine Lagarde; the g...

2 years ago·United States

Read Full Article