Fed’s Powell says inflation could be ‘higher and more persistent’ than expectations

By Zach Halaschak

Published July 28, 2021 8:19pm ET

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Fed’s Powell says inflation could be ‘higher and more persistent’ than expectations — Federal Reserve Chairman Jerome Powell said that inflation could be more aggressive and last longer than central bank expectations. Powell, fresh out of a two-day meeting with top Fed officials, told reporters that while inflation could be more intense than previously thought, indications are that it will settle back down in the future and the […]

Federal Reserve Chairman Jerome Powell said that inflation could be more aggressive and last longer than central bank expectations.

Powell, fresh out of a two-day meeting with top Fed officials, told reporters that while inflation could be more intense than previously thought, indications are that it will settle back down in the future and the Fed is still not ready to begin talks about raising interest rates to mitigate price increases.

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Banks Economics Federal Reserve Inflation Jerome Powell Monetary Policy