comparemela.com


Jerome Powell: Folks, this ain't the 1970s
From CNN Business' David Goldman
Jerome Powell isn't sure how many more ways he can say it:
Inflation just isn't a problem right now.
Sure, rates are near zero and are expected to stay there for years. But the Fed has been saying for a year that
it doesn't expect inflation to pick up to its target 2% range for quite some time. That's neither a problem nor a benefit, Powell said.
Powell noted that
inflation has been largely absent from the economy for three decades, and we've had the longest two expansions during that time period. Higher inflation can help businesses raise prices and boost economic activity. But low inflation means the Fed can afford to keep rates low to give businesses a break.

Related Keywords

China ,California ,United States ,Chinese ,America ,Wyman Roberts ,David Goldman ,Alibaba Baba Tmall ,Matt Egan ,Michelle Toh ,Federal Reserve ,Cnn ,Chili ,Nasdaq ,Exxonmobil ,Exxon ,Brinker International ,California State Teacher Retirement System ,சீனா ,கலிஃபோர்னியா ,ஒன்றுபட்டது மாநிலங்களில் ,சீன ,அமெரிக்கா ,வைமன் ராபர்ட்ஸ் ,டேவிட் கோல்ட்மேன் ,மேட் ஈகன் ,மைக்கேல் தோ ,கூட்டாட்சியின் இருப்பு ,சின்ன ,மிளகாய் ,நாஸ்டாக் ,எக்ஷ்க்ஷொன்மொபில் ,எக்ஸான் ,பிரிங்கர் சர்வதேச ,கலிஃபோர்னியா நிலை ஆசிரியர் ஓய்வு அமைப்பு ,

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.