Powell’s path to 2% inflation needs luck or, failing that, pain: 'We can’t afford to be fooled again on this, or else it’s going to get beyond us'

The Straits Times

Lean Right

Mixed Factuality

Media Conglomerate: Singapore Press Holdings

Powell's path to 2% inflation needs luck or, failing that, pain

VIRGINIA (BLOOMBERG) - Federal Reserve Chair Jerome Powell sees two possible paths for the economy and monetary policy over the next year: With some luck, inflation will cool with the help of more supply. And if that fails, the Fed won't hesitate to impose a more painful solution. Read more at straitstimes.com.