A recent decline in commodity prices was evidence that price pressures will cool as supply bottlenecks from reopening the economy are worked out and stimulus fails, maintaining that our concurrent inflation is temporary and would eventually move back to a 2 percent target.
Jerome Powell discusses inflation and commodity prices in relation to the economy.
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Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
When you significantly slow the growth of the labor force, you will slow the growth of the economy.
If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.
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