{"id":417456,"date":"2022-03-17T14:05:00","date_gmt":"2022-03-17T11:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/the-fed-powell-vows-fed-will-conquer-high-inflation-heres-what-he-said\/"},"modified":"2022-03-17T14:05:00","modified_gmt":"2022-03-17T11:05:00","slug":"the-fed-powell-vows-fed-will-conquer-high-inflation-heres-what-he-said","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-fed-powell-vows-fed-will-conquer-high-inflation-heres-what-he-said\/","title":{"rendered":"#The Fed: Powell vows Fed will conquer high inflation. Here\u2019s what he said"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af1cc8de16c1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af1cc8de16c1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/the-fed-powell-vows-fed-will-conquer-high-inflation-heres-what-he-said\/#%E2%80%9CThe_Fed_Powell_vows_Fed_will_conquer_high_inflation_Heres_what_he_said%E2%80%9D\" >&#8220;The Fed: Powell vows Fed will conquer high inflation. Here\u2019s what he said&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/the-fed-powell-vows-fed-will-conquer-high-inflation-heres-what-he-said\/#Fed_under_the_gun_with_inflation_at_40-year_high\" >Fed under the gun with inflation at 40-year high<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/the-fed-powell-vows-fed-will-conquer-high-inflation-heres-what-he-said\/#Jeffry_Bartash\" >Jeffry Bartash<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CThe_Fed_Powell_vows_Fed_will_conquer_high_inflation_Heres_what_he_said%E2%80%9D\"><\/span>&#8220;The Fed: Powell vows Fed will conquer high inflation. Here\u2019s what he said&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Fed_under_the_gun_with_inflation_at_40-year_high\"><\/span>\n  Fed under the gun with inflation at 40-year high<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000700312\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000700312\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Federal Reserve Chairman Jerome Powell on Wednesday said inflation is going stay high in 2022, but he vowed the  central bank will do whatever it takes to bring price rises under control. <\/p>\n<p> The Fed raised interest rates for the first time in four years as part of a broader strategy to combat the highest inflation in 40 years.  The rate of inflation has surged to almost 8% in the wake of the coronavirus pandemic. <\/p>\n<div class=\"paywall\">\n       Here\u2019s what Powell said about inflation after the Fed decision. <\/p>\n<ul class=\"articleList\">\n<li>\n      \u201cWe will take the necessary steps to ensure that high inflation does not become entrenched.\u201d<\/p>\n<\/li>\n<li>\n      \u201cWe have to restore price stability.\u201d<\/p>\n<\/li>\n<li>\n      Inflation is far, far above target.\u201d<\/p>\n<\/li>\n<li>\n      \u201cWe\u2019re fully committed to bring inflation back down. High inflation takes a toll on everybody.\u201d<\/p>\n<\/li>\n<li>\n      \u201cWe do anticipate inflation will move back down. It may take longer than we\u2019d like.\u201d<\/p>\n<\/li>\n<li>\n      \u201cWe have the tools that we need and we are going to use them. We have a plan over the course of this year to raise interest rates steadily and also to run off the balance sheet.\u201d <\/p>\n<\/li>\n<li>\n      \u201cI guess I would say the expectation still is that inflation will come down in the second half of this year, but we still expect inflation to be high this year.\u201d<\/p>\n<\/li>\n<li>\n      \u201cWe expect inflation to remain high through the middle of the year, begin to come down, then begin to come down more sharply next year.\u201d<\/p>\n<\/li>\n<li>\n      \u201cBefore the invasion of Ukraine by Russia, I would have said that the expectation was that inflation would peak sometime in the first quarter. Maybe at the end of the first quarte of this year.\u201d<\/p>\n<\/li>\n<li>\n      \u201cNow we are already seeing a little bit of short-term upward pressure on inflation due to higher oil prices [and] other commodity prices.\u201d<\/p>\n<\/li>\n<li>\n      \u201cWe\u2019ve had price stability for a long time and maybe come to have taken it for granted. Now we see the pain. I am old enough to remember what high inflation is like.\u201d  <\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jeffry Bartash\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/jeffry-bartash\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/jbartash\",\"text\":\"@jbartash\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:jbartash@marketwatch.com\",\"text\":\"jbartash@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jeffry_Bartash\"><\/span>Jeffry Bartash<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7AAF-9879FA11157B%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The Fed: Powell vows Fed will conquer high inflation. Here\u2019s what he said&#8221; Fed under the gun with inflation at 40-year high Federal Reserve Chairman Jerome Powell on Wednesday said inflation is going stay high in 2022, but he vowed the central bank will do whatever it takes to bring price rises under control. The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":417457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-505508\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-417456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/417456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=417456"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/417456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/417457"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=417456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=417456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=417456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}