Fed's Powell: High inflation poses a threat to job market
Headline from Omaha World-Herald
WASHINGTON (AP) — Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed will
Omaha World-Herald's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
WASHINGTON (AP) — Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed will
(The Center Square) – Federal Reserve Chairman Jerome Powell told the U.S. Senate Banking Committee Tuesday that elevated inflation poses a "severe" threat to U.S. jobs and economic recovery.
High inflation has emerged as a serious threat to the Federal Reserve's goal of helping put more Americans back to work, chair Jerome Powell acknowledged today.
Federal Reserve Chairman Jerome Powell on Tuesday disputed President Biden’s claim that supply-chain problems have eased, telling Congress that persistent bottlenecks are responsible for record-high inflation that could prompt the central bank to raise interest rates more than planned.
Chair Jerome Powell says high inflation has emerged as a serious threat to the Federal Reserve's goal of helping put more Americans back to work. Powell says the Fed will raise rates more than planned if needed to stem surging prices.
Millions of Americans have retired early, or are avoiding jobs because of fear of COVID-19 and Jerome Powell says the central bank had anticipated that more of those people would return to the workforce than have done so.
