Reuters/Howard Schneider/5-6-2022
“Federal Reserve Chair Jerome Powell this week offered his most detailed account yet of the strategy for confronting a generational inflation shock while avoiding any meaningful rise in unemployment.”
USAGOLD note: More along the same lines as the Financial Times piece cited below with considerably more detail. The Fed is on a mission, but it is not sure where it’s going or what it’s going to do when it gets there. If that somehow diminishes your confidence level, so be it. Welcome to the new economic era.
