On the recordDecember 3, 2024
How will tariffs and new immigration policy affect the Fed’s mission to bring down inflation?
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nytimes.comHow will tariffs and new immigration policy affect the Fed’s mission to bring down inflation?
Powell addresses the impact of tariffs and immigration on inflation control.
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Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
without the ability to pay interest on reserves, the Fed would lose control over rates