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UPDATE: Powell Says Will Not Allow Transition From Low Inflation Environment to High Inflation Environment

June 29, 2022 9:40 AM EDT

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(Updated - June 29, 2022 9:42 AM EDT)

Powell says bigger mistake to make is to fail to restore price stability, when asked if there is a risk Fed will go too far.

  • Powell Says Will Not Allow Transition From Low Inflation Environment to High Inflation Environment
  • Real danger high inflation becomes entrenched, inflation expectations become unanchored


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