Wednesday 29 June 2022 07:09 PM Jerome Powell admits 'we now understand better how little we understand about ... trends now
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Chair Jerome Powell said that the Federal Reserve has over the past year learned 'how little we understand inflation' in remarks Wednesday.
'I think we now understand better how little we understand about inflation,' the chair divulged at the European Central Bank (ECB) Forum in Sintra, Portugal. 'This was unpredicted.'
'That's not very reassuring,' quipped Bloomberg TV's Francine Lacqua.
Powell said that there is 'no guarantee' the central bank can tame runaway inflation without hurting the job market.
Jerome Powell said that the Federal Reserve has over the past year learned 'how little we understand inflation' in remarks Wednesday
'I think we now understand better how little we understand about inflation,' the chair divulged at the European Central Bank (ECB) Forum in Sintra, Portugal. 'This was unpredicted'
He reiterate his hope that the Fed can walk the tight line of reining in inflation without
