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Powell Says Inflation Risks Still Tilted To The Upside

FED

Q: You said risks are two-sided, what are they? And Q re releasing securities transactions / tax returns re Dallas' Kaplan

  • A: One risk is that inflation risks are still to the upside... a risk high inflation will be prolonged, move even higher... we have to be in a position to address all the plausible outcomes.
  • A long expansion... is going to require price stability and that's going to require the Fed to tighten interest rate policy and get inflation back down to our 2% goal.
  • RE downside risks: "Covid is not over". Risks it can slow down growth; further problems in the supply chains could slow down activity, the situation in China... in addition what's going on in Eastern Europe and things like that.
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