Economics
Powell Renews Forecast for Inflation Subsiding Toward Fed’s Goal
- Sees job gains picking up in coming months as vaccines widen
- Powell to testify Tuesday before House panel on pandemic aid
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Federal Reserve Chair Jerome Powell said inflation had picked up but should move back toward the U.S. central bank’s 2% target once supply imbalances resolve.