Powell says economy growing rapidly, inflation up 'notably'

  • 📰 AP
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Federal Reserve Chair Jerome Powell says he believes inflation's recent jump to a 13-year high in the U.S. will prove temporary. His forecast is included in written testimony he'll deliver Tuesday before Congress.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It will last about another 2 or 3 years until Republicans get elected to power then prices will 'magically' come down. If you haven't figured out business inflate prices during Democratic majorities to make voters feel the economy is worse than it really is you're not attentive.

Damage will already be done. Prices everywhere for everything have gone up and they won't go back down.

Something like a reset then a normal hum I suppose

REAL PAIN is on its way. And the G’s credit cards are maxed out! Without drastic interest rate increases to pull back the “digitized/printed” currency put out by the Fed, we are headed for SERIOUS financial problems

When has a company ever slashed prices?!?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed's Powell sees 'sustained improvement' in economy, notable rise in inflationThe U.S. economy continues to show 'sustained improvement' from the impact of the coronavirus pandemic and ongoing job market gains, but inflation has 'increased notably in recent months,' Federal Reserve Chair Jerome Powell said in prepared testimony for a congressional hearing on Tuesday.
Source: Reuters - 🏆 2. / 97 Read more »

Fed's Powell sees 'sustained improvement' in economy, notable rise in inflationThe U.S. economy continues to show 'sustained improvement' from the impact of the coronavirus pandemic and ongoing job market gains, but inflation has 'increased notably in recent months,' Federal Reserve Chair Jerome Powell said in prepared testimony for a congressional hearing on Tuesday.
Source: Reuters - 🏆 2. / 97 Read more »

Supply Crunch Risks Extending Into 2022, Stoking InflationEconomists and business executives now say supply-chain disruptions, key labor shortages and resurgent demand driven by multiple rounds of fiscal stimulus will persist through the end of the year, if not longer. by the way I didn't say I love your country I may not USA! 🇺🇸 USA! 🇺🇸 USA! 🇺🇸
Source: WSJ - 🏆 98. / 63 Read more »

Brace yourself, here’s why inflation could create a ‘giant wealth transfer’ from lenders to borrowersAnyone, including consumers and governments, that holds fixed-rate debt could stand to benefit from inflation. Inflation could even be a 'giant wealth transfer.' Here's how:
Source: MarketWatch - 🏆 3. / 97 Read more »

KeyBanc initiates Figs at overweight, says scrubs brand can grow like LululemonNew for subscribers: KeyBanc initiates Figs at overweight, says scrubs brand can grow like Lululemon. Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »