Jerome Powell: “While higher interest rates, slower growth, and softer labor market…”

On the recordAugust 26, 2022

While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring something to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.

Said by

Jerome Powell

Republican · District of Columbia

Source

msnbc.com

Editor's note · Context

Jerome Powell discusses the impact of higher interest rates on inflation and the economy.

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Jerome Powell: “While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also…”

Editor's note · Context