Federal Reserves: Why are US Fed leaders so confident that inflation is transitory
While much of Wall Street is ringing alarms about out-of-control inflation, Federal Reserve Chair Jerome Powell and his colleagues are expressing confidence in a more benign outlook. Acceleration in U.S. price growth this year will have “only transitory effects on underlying inflation,” Fed Vice Chair Richard Clarida said Wednesday, playing down news released earlier that consumer prices climbed in April by the most since 2009. Governor Lael Brainard said the day before that officials shoul...
Source: indiatimes.com