Fed Chair Powell: “Building on the Gains from the Long Expansion”

From Fed Chair Jerome Powell: Building on the Gains from the Long Expansion Excerpt on inflation: For many years as the economy recovered from the Great Recession, inflation averaged around 1.5 percent—below our 2 percent objective. We had long expected that inflation would gradually rise as the expansion continued, and, as I noted, both overall […]

source https://thebtrader.com/2019/11/26/fed-chair-powell-building-on-the-gains-from-the-long-expansion/?utm_source=rss&utm_medium=rss&utm_campaign=fed-chair-powell-building-on-the-gains-from-the-long-expansion