Salem Radio Network News Tuesday, July 5, 2022


Inflation to dominate Powell’s 2nd term as Fed chair


Fighting inflation will be the number-one task facing Fed Chairman Jerome Powell in his second term.
Many economists have sharply criticized Powell and the nation’s central bank for waiting too long to respond to worsening inflation, making its task harder and riskier. When prices first spiked a year ago, Powell insisted that inflation was transitory and would soon ease. But it’s proved to be more stubborn. Nevertheless, the Senate overwhelmingly voted to confirm Powell to another four-year term last week.

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Steve Breen
Sun, Jul 3, 2022