Powell’s path to 2% inflation needs luck or, failing that, pain: ‘We can’t afford to be fooled again on this, or else it’s going to get beyond us’

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Federal Reserve Chair Jerome Powell sees two possible paths for the economy and monetary policy over the next year: With some luck, inflation will cool with the help of more supply. And if that fails, the Fed won’t hesitate to impose a more painful solution. Read More

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