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Driving US inflation down will involve ‘some pain’: Powell

Bringing US inflation down from current sky-high levels will mean inflicting some pain on Americans, Federal Reserve Chair Jerome Powell said Thursday.

Powell repeated his confidence that the Fed has the tools to cool the economy, but renewed his warning that “the process of getting inflation down to two percent will also include some pain.

In an interview with Marketplace, he said, “The most painful thing would be if we were to fail to deal with it.”

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.







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