*FED'S POWELL SAYS TAMING INFLATION COULD LEAD TO 'SOME PAIN' -
Investing.com -- Federal Reserve Chair Jerome Powell said the central bank’s efforts to quash inflation will require a “sustained period of below-trend growth” that will lead to pain for households and businesses.
would be temporary, but high prices have persisted far longer than they expected, something that has forced policymakers to act aggressively to cool the economy., even at the risk of a recession. "Our decision at the September meeting will depend on the totality of the incoming data and the evolving outlook," Powell told the audience Friday.
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