Jerome Powell says inflation is still too high and lower economic growth is likely needed to bring it down


. He believes that the federal government and other central banks should look to policy changes to help combat inflation, such as increasing interest rates, cutting back on spending, and implementing tax reform. He also said that keeping monetary policy steady can be beneficial, as it has been effective in reducing unemployment and increasing consumer and business confidence. Additionally, Powell believes monetary policy should focus on risk management and long-term economic health, rather than short-term objectives.

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