Fed Chair Powell Says ‘Long Way to Go’ in Inflation Fight, Calls US Debt ‘Unsustainable’

Fed Chair Powell Says ‘Long Way to Go’ in Inflation Fight, Calls US Debt ‘Unsustainable’
Federal Reserve Board Chairman Jerome Powell speaks during an interview by David Rubenstein, Chairman of the Economic Club of Washington, D.C., at the Renaissance Hotel in Washington on Feb. 7, 2023. Julia Nikhinson/Getty Images
Andrew Moran
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The United States is watching disinflation travel through the national economy, but “it has a long way to go” before price stability is achieved, says Federal Reserve Chair Jerome Powell.

Speaking at the Economic Club of Washington on Tuesday, the Fed chair acknowledged that the country is in the “very early stages of disinflation.” However, many parts of the marketplace are still experiencing elevated inflation, he said, alluding to the services sector.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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