On the recordNovember 29, 2021
I think my baseline expectation is still... that inflation will move back down over the course of next year.
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congress.govI think my baseline expectation is still... that inflation will move back down over the course of next year.
Powell shares his expectation for inflation to decrease next year.
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More from Jerome Powell
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.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
There are no new water features, there’s no beehives, and there’s no roof terrace gardens