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'

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.

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'

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.

Powell’s Path to 2% Inflation Needs Luck or, Failing That, Pain

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

Inflation, according to the central bank's preferred measure, stands at 6.3%. The central bank is now trying to moderate initial burden policies