Powell Says Fed’s Battle With Inflation Will Bring ‘Some Pain,’ After Insisting Last Year Elevated Inflation Is ‘Likely to Prove Temporary’

Posted on August 27, 2022
In credibility, cryptocurrency markets, dow jones, Economics, Economy, Fed, Federal Reserve, Finance, Hawkish speech, Inflation, Inflationary pressure, Jackson Hole Economic Symposium, Kansas City, price stability, Randall Kroszner, tech stocks, temporary, transitory, US Central Bank, US economy, wall street investors

On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. Powell stressed at the event that strict monetary policy is necessary, and his commentary hinted that the Fed won’t hit the brakes on monetary […]
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