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FOXNEWS The Journal Editorial Report July 6, 2024

the fed scrambling to tame prices for seven consecutive rate increases bringing interest rates to the highest level in 15 years. chairman power makes it clear that at the final meeting of the year there is more work to do and more payment had. you wish there was a completely painless way to restore price stability. there isn t. this is the best we can do. but i do think that the markets are confident that we will get inflation under control we are certainly highly committed to do that. bringing in our panel. and editorial board member kyle peterson. mary, i appreciated the candor of the fed chair what this will take that what are your lessons of policy? what you have to take away from that clip is that jerome powell understands the importance of credibility if that is not a credible manager of inflation, then it gets out of control. it was just over one year ago that jerome powell said that transitory may not be the best way to describe the inflation problem and s ....

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FOXNEWS The Journal Editorial Report June 4, 2024 20:03:00

3 percent at one.9 percent does that mean the average american has a decline in his or her standard of living? and that shows that inflation hits the middle class. it does very hard and that is precisely jerome powell s point they have to get the inflation rate down below the growth in real wages or people will always be behind and that is simply toxic all through history to see those examples as it is eroding and let s be honest with what s going on. all of these dislocations caused by the pandemic and all the economic closures forcing unemployment layoffs and supply chains were disrupted and then the massive amount to compensate for all of that. ....

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