warned Wednesday that there is "no guarantee" the central bank will be able to bring inflation to heel without sacrifices in the job market, while reiterating policymakers' aim to achieve a soft landing in their effort to rein in surging prices.Speaking at the European Central Bank's policy conference in Portugal, Powell said that supply and demand are "really out of balance in many parts of the U.S.
"We think that there are pathways for us to achieve that, to achieve the path back to 2% inflation while still retaining sustaining a strong labor market. We believe we can do that. That is our aim," Powell said, before adding, "There's no guarantee we can do that." Journalists follow onscreen the remarks of Jerome Powell, Chair of the Federal Reserve of the United States, in the afternoon panel during the closing day of the 2022 European Central Bank Forum on Central Banking on June 29, 2022, in Sintra, Portuga
You don't make any sense at all. Just lies lies lies!!!!!
He clueless b been behind the desk too long ! Get in real world dude
Go back to 2008. The Fed made matters worse every chance it could
When you raise interest rates in today’s economy, which is credit driven, it causes businesses to reevaluate their overhead costs. They need to buy inventory or raw materials but if they can continue their business with an employee cutback that’s where they’ll go.
I’m shocked. The only fix to federalreserve missteps over the last several years is to punish workers.
Fed can’t effect supply of energy inflation which is about 60% of current inflation. More energy must be produced. Biden’s attack on USA energy must stop.
So I am guessing everyone working in government is gonna have to take a pay cut right! Need to do what's right law makers & Fed's
Powell and Yellen r so clueless!
They can! By demanding Biden to allow drilling. It will save America. If this administration wants to keep their jobs allow drilling.
cringe
Two words: Well, duh
Ron Paul was right on everything
Wow…. It’s like an Econ 101 class with this genius.
This guy months behind the rest of us. No chit Sherlock. Outside of his bubble we knew this already
Dual mandate; who idea was that?
The Biden administration will not care he’ll they don’t care who is hurting now
The Fed has to act more aggressively. They failed the first act with thier 'transitory' nonsense. Now they need to cut stalling and get to hikinig:
Democrats = Fail
That’s the point but the Biden Administration doesn’t want this lol
We know