The Fed missed inflation. Can Jay Powell tame it without causing a recession?

In the first year of the pandemic, Federal Reserve Chairman Jerome Powell earned a reputation as a monetary dove, deploying innovative policies aimed at preventing financial and economic collapse.

Today, he is turning into a hawk ready to be just as improvised to tame inflation, which is currently at a 40-year high of 7.5%.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button