On the recordJuly 16, 2018
Inflation is going to be really important.
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congress.govInflation is going to be really important.
Powell emphasizes the significance of inflation in future economic predictions.
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Part of that is due to the start-stop nature of the tariffs that have been introduced.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy