Powell: If we make a mistake, 'people will pay the cost for a long time'

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  Posted by Two Blokes Jun 25 - Filed in General - #TwoBlokesTrading  - 2 views
  
  Federal Reserve Chair Jerome Powell on Wednesday emphasized the central bank's commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices. He noted that inflation is still above the Fed's 2% target, with the impact that President Donald Trump's tariffs will have still unclear.