Fed chief now points to 'growth recession' paradox
Federal Reserve Chairman Jerome Powell is now aiming for something much more painful for the economy to end high inflation. Powell "buried the concept of a soft landing" with his Aug. 26 speech in Jackson Hole, Wyoming, said Diane Swonk, chief economist at KPMG LLP. "It's a bit like trickle-down torture," added Swonk, who attended the Fed's annual Jackson Hole symposium…
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