Powell Warns of ‘Unfortunate Costs’ and ‘Pain’ in Fight Against Inflation

Jerome Powell warned in a terse speech on Friday that the Federal Reserve’s campaign to bring down inflation would have ‘unfortunate costs’ that would weaken the labor market, slow growth, and inflict pain on businesses and households. The Fed chairman’s highly anticipated speech at an economic conference at Jackson Hole, Wyoming took less than ten […]

Source: Powell Warns of ‘Unfortunate Costs’ and ‘Pain’ in Fight Against Inflation

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