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Jerome Powell says Fed is resolved to fight inflation even if it brings economic pain

Federal Reserve Chair Jerome Powell speaks during a news conference following a Fed policy meeting in Washington, D.C., on July 27. Powell warned on Friday the central bank is committed to bring down inflation even if it causes some economic pain. (Getty Images)
Federal Reserve Chair Jerome Powell speaks during a news conference following a Fed policy meeting in Washington, D.C., on July 27. Powell warned on Friday the central bank is committed to bring down inflation even if it causes some economic pain. (Getty Images)

This article was originally published on August 26, 2022.

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