Fed Chair Jerome Powell
- While tapering, Fed will continue to provide strong support to the economy
- Covid has stunted the economic recovery
- Real GDP growth has slowed notably
- Economic growth should build momentum as Covid subsides
- The rate of job growth has slowed
- Employers are finding it difficult to fill jobs
- Supply and demand imbalances have contributed to sizable price increases
- Bottlenecks are longer lasting than previously expected
- Inflation is running well-above Fed longer-term goal of 2%
- Impediments to labor supply should reduce
03 Nov 21 (Wed)
06:38 pm
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