Fed Chair Blames Supply Chain Issues for Inflation: 'Supply-Side Constraints Have Gotten Worse' - NewsBreak

Federal Reserve Chairman Jerome Powell presented a bleak outlook for American economic woes on Friday, suggesting supply-chain problems were behind rising inflation. "Supply-side constraints have gotten worse," Powell said at a virtual conference hosted by Bloomberg. "The risks are clearly now to longer and more-persistent bottlenecks, and thus to higher...