Powell’s Econ-101 Lesson Presents Best-Case Inflation Scenario
Updated: 21 Jul 2022, 09:27 AM IST
TL;DR.Federal Reserve Chair Jerome Powell is dusting off the supply and demand curves every student learns about in economics to explain what the US central bank is doing to bring inflation under control.
FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on Monetary Policy and the State of the Economy in Washington, U.S. July 10, 2019. REUTERS/Erin Scott/File Photo