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Powell: “How Little We Understand About Inflation”

The Breakdown

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We're Not Trying to Cause a Recession

Powell spoke earlier this week at the european central banks annual economic policy conference. The backdrop, of course, is the most aggressive pace of rising interest rates since the 19 eighties. Powell has recently shifted from his language of we're not trying to cause a recession to language of even if we do have a recession, it's not as bad as permanent higer inflation would be.

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