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Fed Chair Powell: 'Some pain' now or 'far greater pain' later πŸ€•

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Fed Chair Powell: 'Some pain' now or 'far greater pain' later πŸ€•

Bringing down inflation continues to be the top priority 🎈

Sam Ro, CFA
Aug 26, 2022
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Fed Chair Powell: 'Some pain' now or 'far greater pain' later πŸ€•

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Fed Chair Jerome Powell speaks from the 2022 Jackson Hole Economic Symposium. (Source: Kansas City Fed / YouTube)

One thing that Fed Chair Jerome Powell has made clear is that the central bank’s efforts to bring down inflation will require some economic β€œpain.”1

This pain will likely involve an increase in unemployment as the economy cools.

Powell and other…

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