The US central bank is in the midst of a "whatever it takes" moment when it comes to inflation, but if Fed officials had known how high inflation would rise, they would have changed their course on policy earlier, Fed Chairman Jerome Powell said May 17.
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Fed Chair Jerome Powell: We won't hesitate to raise rates to tame inflation
Hindsight is 20:20, even for the Federal Reserve. The US central bank is in the midst of a "whatever it takes" moment when it comes to inflation, but if Fed officials had known how high inflation would rise, they would have changed their course on policy earlier, Fed Chairman Jerome Powell said Tuesday.
