US Fed Chair Jerome Powell Warns About Future Inflation, Says the Economy Could Be Entering a Period of More Frequent Supply Shocks

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U.S. Federal Reserve Chair Jerome Powell has issued a warning about the future of the American economy. While delivering opening remarks at the Second Thomas Laubach Research Conference in Washington DC, Powell noted that “longer-term inflation expectations” have driven up real interest rates , which are interest rates adjusted for inflation. The Fed chair also says those rates could be a sign of things to come. “Higher real rates may also reflect the possibility that inflation could be more vol...