On the recordMay 5, 2025
The Fed’s obligation is to keep longer-term inflation expectations anchored to make certain that a one time increase in the price level (from tariffs) does not become an ongoing inflation problem.
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usatoday.comJerome Powell: “The Fed’s obligation is to keep longer-term inflation expectations anchored to make certain that a one time increase in…”
Editor's note · Context
Powell emphasizes the importance of managing inflation expectations.
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