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Jerome Powell

Let the Inflation Battle Begin

Tradier | Equities.com |

The Biden Administration had indicated that it would decide on the next Fed Chair by Labor Day. With Thanksgiving this week, the decision was long overdue. On Monday, November 22, President Biden decided to reappoint the sitting Chair for another term.


Federal Reserve Chair Powell Says Elevated Inflation Will Moderate

AP News | Equities.com |

Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.”

At the same time, in testimony to the House Financial Services Committee, Powell signaled no imminent change in the Fed’s ultra-low-interest rate policies.


Fed Chair Powell Says Inflation Is Due to Temporary Supply Bottlenecks

AP News | Equities.com |

Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary.

Consumer prices jumped 5% in May compared with a year earlier, the largest increase in 13 years. Republican House members have sought to blame higher inflation on President Joe Biden’s $1.9 trillion economic relief package, approved in March, in an effort to retake the House next year.


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