Skip to content
Markets
Economics

Powell Says Fed to Ensure Inflation Doesn’t Take Root in Economy

  • Fed chair comments in opening remarks for confirmation hearing
  • Says the ‘post-pandemic economy is likely to be different’
Video player cover image
Powell to Say Fed Will Keep Inflation From Taking Root
By

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Federal Reserve Chair Jerome Powell said the central bank will prevent higher inflation from becoming entrenched while cautioning that the post-pandemic economy might look different than the previous expansion.