Yahoo Finance published this video item, entitled “Powell: ‘We’re continuing to monitor inflation’” – below is their description.
#shorts #JeromePowell #FedChairJeromePowell
Federal Reserve Chairman Jerome Powell testified on the current inflation crisis and what the Federal Reserve intends to do to correct the economy. The hearing took place before the U.S. Senate Banking Committee on June 22, 2022.
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.