Fed Chair Powell vows not to let inflation take hold of the economy

Yahoo Finance published this video item, entitled “Fed Chair Powell vows not to let inflation take hold of the economy” – below is their description.

#fedchair #inflation #economy

Yahoo Finance reporter Brian Cheung breaks down Federal Reserve Chair Jerome Powell’s latest comments about fighting inflation.

Yahoo Finance YouTube Channel

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In This Story: Brian Cheung

Brian Cheung is an on-air reporter covering the Federal Reserve, economics, and banking for Yahoo Finance. He previously wrote for S&P Global Market Intelligence and, prior to that, worked at the Federal Reserve.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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