Powell Says Economic Growth Will Likely Slow as De-Globalization Pressures Build

Powell Says Economic Growth Will Likely Slow as De-Globalization Pressures Build
Federal Reserve Board Chairman Jerome Powell during a news conference in Washington on June 15, 2022. Elizabeth Frantz/Reuters
Tom Ozimek
Updated:
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Federal Reserve Chair Jerome Powell said he thinks it’s rather “likely” that the forces of de-globalization will mount, leading to a more fractionalized new normal characterized by higher inflationary pressures, lower productivity, and slower economic growth.

Powell made the remarks on June 29, during a panel discussion at the European Central Bank’s annual policy forum in Sintra, Portugal.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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