Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.
-Chair Jerome H. Powell (August 26, 2022)
...forcefully to bring demand and supply into better balance
So either demand going to get crushed to match supply chain issues or supply chain issues going to get fixed?
...they will also bring some pain to households and businesses.
You and your business are going to get wiped out so the elites can buy up your assets on the cheap.
But a failure to restore price stability would mean far greater pain.
We are going to try to rein in inflation long enough for the elites to get all of their money out of the fiat currency into gold, silver, property, and crypto. Then the dollar will likely die.
Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.
-Chair Jerome H. Powell (August 26, 2022)
forcefully to bring demand and supply into better balance
So either demand going to get crushed to match supply chain issues or supply chain issues going to get fixed?
...they will also bring some pain to households and businesses.
You and your business are going to get wiped out so the elites can buy up your assets on the cheap.
But a failure to restore price stability would mean far greater pain.
We are going to try to rein in inflation long enough for the elites to get all of their money out of the fiat currency into gold, silver, property, and crypto. Then the dollar will likely die.
Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.
-Chair Jerome H. Powell (August 26, 2022)
forcefully to bring demand and supply into better balance
So either demand going to get crushed to match supply chain issues or supply chain issues going to get fixed?
...they will also bring some pain to households and businesses.
You and your business are going to get wiped out so the elites can buy up your assets on the cheap.
But a failure to restore price stability would mean far greater pain.
We are going to try to rein in inflation long enough for the elites to get all of their money out of the fiat currency into gold, silver, property, and crypto.
Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.
-Chair Jerome H. Powell (August 26, 2022)