Economics
Here’s What Powell Means by ‘Clear’ Vow on Prices, Survey Says
- The Fed chair’s goal of ‘convincing’ slower data is far away
- Focus will be on monthly core inflation data, survey finds
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Federal Reserve Chair Jerome Powell’s goal of having “clear and convincing” evidence inflation is coming down -- leading to a slowing of interest rate increases -- seems far away with price pressures hitting a fresh 40-year peak, according to economists surveyed by Bloomberg News.