U.S. Federal Reserve Chairman Jerome Powell received criticism for his comments Wednesday during an interview with Bloomberg Editor at Large Francine Lacqua.
Federal Reserve Chairman Jerome Powell told Bloomberg Editor at Large Francine Lacqua Wednesday that under his leadership the central bank understands very little about inflation.During an interview on Wednesday, U.S. Federal Reserve Chairman Jerome Powell said that the ongoing inflation crisis highlights"how little we understand about inflation."
Powell received criticism for his remark about not understanding inflation, as many in the public have expressed concerns about inflation for over a year.
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