Federal Reserve’s Powell: Inflation Battle Not Yet Close to Finished

📆 8/26/2022 5:38 PM
📰 CoinDesk

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In a speech on Friday, Fed Chair Jerome Powell doubled down on his belief that restrictive monetary policy will be required for some time. HeleneBraunn reports.

Restrictive monetary policy will likely be required for some time, Federal Reserve Chair Jerome Powell said in a long-awaited speech at the central bank’s annual economic symposium in Jackson Hole, Wyoming.

Bitcoin was little changed after the Fed chair's speech, suggesting that Powell’s rather hawkish comments were largely priced into markets already.

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HeleneBraunn Biden to Powell: 'Go out there and cover for me.'

“Restoring price stability will take some time and requires using our tools, forcefully to bring demand and supply into better balance,” federalreserve Chairman Jerome Powell said today at JacksonHole2022.

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