(CNBC) Federal Reserve Chair Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm. In his latest comments underlining his commitment to the inflation fight, Powell said expectations play an important role and were a critical reason why inflation was so persistent in the 1970s and ’80s.
Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’
This entry was posted in Syndicated. Bookmark the permalink.
