Federal Reserve Can T Be Sure Inflation Will Ease In 2022 Prices Higher Than Expected
Powell said that while many economists regard the highest rates of inflation since 1990 as a temporary response by the market to challenges along the supply chain of dozens of products, no one can be certain that prices will improve at predicted rates. “The point is, we can’t act as if we’re sure of that,” he said. “We’re not at all sure of that. Inflation has been more persistent and higher than we’ve expected....