Edward Knotek News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Edward knotek. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Edward Knotek Today - Breaking & Trending Today
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 should be “patient though the transitory surge.” Both echoed Powell, who has repeatedly stressed the temporary nature of an anticipated increase in price pressures. While policy makers expect the Fed’s preferred measure of inflation to rise to around 2.4 per cent this year as the economy reopens and the pandemic recedes, they forecast it to return to their 2 per cent goal for 2022. ....
Fed leaders are confident inflation is transitory. Here's why bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.