Economy Federal Reserve Inflation interest rates Jackson Hole Jerome Powell

Powell Warns of 'Unfortunate Costs' and 'Pain' in Fight Against Inflation

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Aug 26, 2022

Powell Warns of 'Unfortunate Costs' and 'Pain' in Fight Against Inflation

“While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation,” Powell said.

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