CB Faces Difficult TradeOff if Inflation Persist
SiteFocus - Creative solutions start with ELAINE
From our analysis, we found the following most relevant:
Federal Reserve Chairman Jerome Powell told lawmakers Thursday that the central bank still expects a recent spell of high inflation to reverse but said it was difficult to pinpoint when that might happen.
Powell Says Fed Faces Difficult Trade-Off if Inflation Doesnt Moderate.. . Our expectations is that inflation will come down, central bank leader tells lawmakers.
The Fed chief signaled last week that the central bank was ready to start reversing its pandemic stimulus programs in November, and the Feds rate-setting committee indicated it could raise interest rates next year amid risks of longer-than-anticipated rises in inflation.
Under lawmakers questioning Thursday, Mr. Powell conceded the central bank could face difficult decisions next year if inflation remains high while unemployment is also elevated.