{"id":9414,"date":"2023-06-28T04:03:00","date_gmt":"2023-06-28T04:03:00","guid":{"rendered":"https:\/\/arabicfxadvisors.com\/english\/?p=9414"},"modified":"2023-07-18T04:18:14","modified_gmt":"2023-07-18T04:18:14","slug":"powell-the-process-of-bringing-inflation-back-to-2-still-has-a-long-way-to-go","status":"publish","type":"post","link":"https:\/\/arabicfxadvisors.com\/english\/powell-the-process-of-bringing-inflation-back-to-2-still-has-a-long-way-to-go\/","title":{"rendered":"Powell: The process of bringing inflation back to 2% still has a long way to go"},"content":{"rendered":"<p>Federal Reserve Chairman Jerome said in testimony prepared for the House Financial Services Committee that the Fed&#8217;s battle to bring inflation down to its 2% target has a long way to go.<\/p>\n<p>\u201cMy colleagues and I understand the hardships caused by high inflation and remain strongly committed to bringing inflation down to our 2% target,\u201d Powell said. \u201cInflation pressures continue to mount and the process of returning inflation to 2% still has a long way to go.\u201d<\/p>\n<p>&#8220;We have seen the effects of our policy tightening on demand in the most interest rate sensitive sectors of the economy such as housing. It will take some time for the full effects of monetary restraint to materialize, especially on inflation,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chairman Jerome said in testimony prepared for the House Financial Services Committee that&#8230;<\/p>\n","protected":false},"author":2,"featured_media":890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[373],"tags":[511,225,533],"class_list":["post-9414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news","tag-federal-reserve","tag-inflation","tag-jerome-powell"],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 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