Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: locogringo who wrote (1337822)	1/11/2022 4:30:37 PM
From: locogringo	1 Recommendation Recommended By maceng2 Read Replies (1) of 1575034

OOPS! Somebody is lying again Powell calls inflation a severe threat, disputes White House claims of easing supply-chain woes Washington Times, by Dave Boyer Original Article Federal Reserve Chairman Jerome Powell on Tuesday disputed President Biden’s claim that supply-chain problems have eased, telling Congress that persistent bottlenecks are responsible for record-high inflation that could prompt the central bank to raise interest rates more than planned. In a confirmation hearing for a second four-year term, Mr. Powell told the Senate Banking Committee that high inflation has become a “severe threat” to healthy employment levels. He said stalled shipping and delivery networks are still hurting the economy by contributing to the biggest price increases in consumer goods in four decades. “We’re not seeing really a lot of progress,” Mr. Powell testified.

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