Powell says there is 'no guarantee' Fed can tamp down inflation without hurting the job market

6/30/2022 4:00:00 AM

Powell says there is 'no guarantee' Fed can tamp down inflation without hurting the job market

Powell says there is 'no guarantee' Fed can tamp down inflation without hurting the job market

Federal Reserve Chair Jerome Powell said Wednesday there is 'no guarantee' the central bank will be able to tackle inflation without sacrificing jobs.

Federal Reserve Chair Jerome Powell warned Wednesday that there is "no guarantee" the central bank will be able to bring inflation to heel without sacrifices in the job market, while reiterating policymakers' aim to achieve a soft landing in their effort to rein in surging prices.higher rates could push the economy into a recession.Updated 40 mins ago Elizabeth Frantz | Reuters [The stream is slated to start at 9 a.risk barometer pair refreshed its weekly high before closing in the red for the second consecutive day on Tuesday.

Jerome Powell, chairman of the US Federal Reserve (Photographer: Eric Lee/Bloomberg via Getty Images / Getty Images) Speaking at the European Central Bank's policy conference in Portugal, Powell said that supply and demand are "really out of balance in many parts of the U.S.economy," and pointed to the labor market as "being a big example of that.Please refresh the page if you do not see a player above at that time." He said those imbalances need to be evened out in order to bring inflation down.POWELL PLEDGES THE FED IS ‘ACUTELY FOCUSED’ ON TACKLING INFLATION "We think that there are pathways for us to achieve that, to achieve the path back to 2% inflation while still retaining sustaining a strong labor market.On the other hand, the US Conference Board (CB) Consumer Confidence Index dropped for the second consecutive month in June, to 98.

We believe we can do that.S.That is our aim," Powell said, before adding, "There's no guarantee we can do that." Journalists follow onscreen the remarks of Jerome Powell, Chair of the Federal Reserve of the United States, in the afternoon panel during the closing day of the 2022 European Central Bank Forum on Central Banking on June 29, 2022, in Sintra, Portuga (Photo by Horacio Villalobos#Corbis/Corbis via Getty Images / Getty Images) Powell went on to say achieving that is "going to be.

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You don't make any sense at all. Just lies lies lies!!!!! He clueless b been behind the desk too long ! Get in real world dude Go back to 2008. The Fed made matters worse every chance it could When you raise interest rates in today’s economy, which is credit driven, it causes businesses to reevaluate their overhead costs. They need to buy inventory or raw materials but if they can continue their business with an employee cutback that’s where they’ll go.

I’m shocked. The only fix to federalreserve missteps over the last several years is to punish workers. Fed can’t effect supply of energy inflation which is about 60% of current inflation. More energy must be produced. Biden’s attack on USA energy must stop. So I am guessing everyone working in government is gonna have to take a pay cut right! Need to do what's right law makers & Fed's

Powell and Yellen r so clueless! They can! By demanding Biden to allow drilling. It will save America. If this administration wants to keep their jobs allow drilling. cringe

Powell: 'No guarantee' Fed can tame inflation, spare jobsFederal Reserve Chair Jerome Powell said there's 'no guarantee'' the central bank can tame runaway inflation without hurting the job market.

Two words: Well, duh Ron Paul was right on everything Wow…. It’s like an Econ 101 class with this genius. This guy months behind the rest of us. No chit Sherlock. Outside of his bubble we knew this already Dual mandate; who idea was that? The Biden administration will not care he’ll they don’t care who is hurting now

The Fed has to act more aggressively. They failed the first act with thier 'transitory' nonsense. Now they need to cut stalling and get to hikinig: Democrats = Fail That’s the point but the Biden Administration doesn’t want this lol We know

Watch Fed Chair Powell Talk Live About the Economy, Interest Rates at ECB ForumFederal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking.

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Despite low water at Lake Powell, 'We're still open,' local businesses insistYou've probably read the reports: Lake Powell's water levels are dangerously low. So low, in fact, that docks all around the lake have been closed. Despite it all, local business owners who depend on tourism have one thing to say: We're still open for business.

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There's a 'clock running' on inflation turning permanent: Fed's PowellFed Chair Powell warned that sky-high inflation could turn permanent. It's the opposite of what he said a year ago. Well that’s was a refreshing read This guy has the tools to tackle inflation 🤦🏻‍♂️ Rules, regulations, laws, accountability, Irs forensic accountants & hiring,off shores,certain tax brackets actually paying theirs is a good start. 101 also wage increases which haven't kept up with inflation. Most of us know the real causes of inflation & are sick of the bs