The Federal Reserve will not revise its monetary stimulus regime despite rising inflation.
One day after the Department of Labor revealed that inflation had <a href="https://www.dailywire.com/news/inflation-rises-again-hits-5-4">risen</a> to a 5.4% year-over-year rate in June, Fed Chair Jerome Powell <a href="https://www.dailywire.com/news/after-another-record-inflation-report-the-fed-will-not-taper-monetary-policy">acknowledged</a> that price levels have “increased notably and will likely remain elevated in coming months before moderating.” Nevertheless, Powell insisted that such inflation is temporary and primarily driven by post-COVID supply chain bottlenecks, telling Congress that the central bank is not prepared to amend its quantitative easing regime.

Fed Will Not Cut Back Monetary Stimulus Despite Rising Inflation

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Fed Will Not Cut Back Monetary Stimulus Despite Rising Inflation