Powell speech: There will be upward pressure on inflation for a while

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Powell speech: There will be upward pressure on inflation for a while By Frank_Macro Fed Inflation

, in the second day of his semi-annual testimony before the US Congress, said that the rise in energy prices will work its way through to the US economy and there will subsequently be upwards pressure on inflation for a while, reported Reuters. "We need to be alert and nimble in making Fed decisions". "Restoring price stability is the single most important thing we can do.""In this very sensitive time, it is appropriate to be careful.

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Frank_Macro When do we dump their crap 'Dollar' and go back to the real thing? When it reaches 1,000,000 for a house? $10,000 a month for groceries? When are peeps going to wake up to this charade? DonaldJTrumpJr

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