Powell: Fed lacks certainty on transitory inflation but believes it to be the case

Author: Adam Button | Category: Central Banks

More from the Fed chair

More from the Fed chair
  • If we don't see upward pressure on inflation and wages then we won't say the labor market is tight
  • I think we'll be able to get back to 3.5% unemployment
  • Quite sure we can get to high levels of labor force participation again
  • There is every reason to think employment will reach pre-pandemic levels
  • We can't know what labor force participation will be
  • At certain point, Fed's narrative on inflation will 'flip' if inflation doesn't come down

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