Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.
Tag: Powell, Jerome H
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Biden Loves the Jobs Report, but the Fed Likely Does Not
The president is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth amid their campaign to tame inflation.
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Powell says that rates will rise more and remain high ‘for some time.’
The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.
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Markets Rise as Powell Signals Slowdown in Pace of Rate Increases
In his final public remarks before a crucial Federal Reserve meeting, the central bank’s chair said the time to moderate rate increases could come as soon as December.