Below are the key highlights from the Federal Reserve Chairman Jerome Powell interview with Marketplace’s Kai Ryssdal.
- Inflation has very gradually moved up and it’s now just touching 2 percent. So we’re really close to our target.
- I wouldn’t say we’ve fully achieved it yet. We’re not declaring victory there.
- If we leave rates too low for too long, then we can have too high inflation or we can have asset bubbles or housing bubbles.
- We are hearing a rising level of concern about the effects of changes in trade policy.
- It’s very difficult to predict how it turns out and we’ll just have to see.
- Longer term, it is widely understood that the United States is on an unsustainable fiscal path.
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