Fed’s Powell: ‘Pain’ of tight policy, slow growth needed ‘for some time’ to beat inflation
Backlink: VISIONTIMES Federal Reserve Chair Jerome Powell said on Friday (August 26) in remarks warning there is no quick cure for fast rising prices. “Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, […]