Powell: Fed must convince public it can tame inflation

Powell: Fed must convince public it can tame inflation

As if their job weren't hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession.They also have a sales job on their hands: Convincing the public that they will succeed in reducing inflation - now at 8.6 percent, a four decade high - to the central bank's goal of 2 percent a year.

US stocks rise and yields tumble after Fed's Jerome Powell vows 'unconditional' steps to tame inflation

Powell's relatively hawkish testimony helped lower both bond yields and commodity prices as concerns grow about a slowdown in global economic growth.

Powell: Fed must convince public it can tame inflation

As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession.

Powell: Fed must convince public it can tame inflation

As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession.

Powell: Fed must convince public it can tame inflation

As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession.

Powell: Fed must convince public it can tame inflation

Powell and his Fed colleagues have a sales job on their hands: Convincing the public that they will succeed in reducing inflation.