Fed Powell: Disinflationary process has begun, but still a long way to go

Fed Chair Jerome Powell reiterated yesterday, “The disinflationary process, the process of getting inflation down, has begun and it’s begun in the goods sector. But it has a long way to go. These are the very early stages of disinflation.” Regarding last week’s surprisingly strong non-farm payroll data, Powell said, “it is good that we […]

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