"We should have moved earlier" (on the pullback of Fed-related stimulus once inflationary pressure started) - Jerome Powell
Ya think, Jerome? The "transitory" line they were all using always seemed crazy to me.
That being said, good on Powell for recognizing they got something wrong. That's rare in Govt.
finance.yahoo.com
Ya think, Jerome? The "transitory" line they were all using always seemed crazy to me.
That being said, good on Powell for recognizing they got something wrong. That's rare in Govt.
Fed Chairman Powell: 'We should have moved earlier'
The Federal Reserve’s top figure said Thursday that the central bank should have acted sooner to pull back on its pandemic-era stimulus and get ahead of rising inflation.
