Fed Chairman Jerome Powell's policy revolution has been blindsided by COVID - NewsBreak

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By Flemming in Business
Updated 3 years ago

It seemed like a good idea at the time. When Federal Reserve Chairman Jerome Powell rolled out a new modus operandi for running monetary policy at the elite Jackson Hole economic symposium a year ago, the economy was just coming out of a pandemic-driven nosedive. That was after a decade of disappointingly slow growth, with inflation stubbornly below target.

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