One day after officials revealed that United States inflation saw its greatest monthly hike since 2008, Federal Reserve Chair Jerome Powell announced that the central bank will not taper its aggressive quantitative easing.
In prepared <a href="https://www.federalreserve.gov/newsevents/testimony/powell20210714a.htm">remarks</a> to Congress released on Wednesday, Powell said that inflation “has increased notably and will likely remain elevated in coming months before moderating.” However, Powell asserted that such inflation is temporary and primarily driven by post-COVID production bottlenecks.

After Another Record Inflation Report, The Fed Will Not Taper Monetary Policy

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Ep. 2738

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Ep. 2737
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After Another Record Inflation Report, The Fed Will Not Taper Monetary Policy