Federal Reserve Chairman Jerome Powell said Friday that continued efforts to fight high inflation will 'also bring some pain to households and businesses.' See the potential biases and similarities in reports from foxbusiness, ap and reuters:
Federal Reserve Chairman Jerome Powell said Friday that continued efforts to fight high inflation willFederal Reserve’s annual economic symposium
in Jackson Hole, Wyoming. He detailed how the government is moving to combat inflation with"higher interest rates, slower growth, and softer labor market conditions," and how"reducing inflation is likely to require a sustained period of below-trend growth" for the U.S. economy. "These are the unfortunate costs of reducing inflation," Powell said."But a failure to restore price stability would mean far greater pain.
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