Fed chair Jerome Powell speaks after being nominated for a second term as Lael Brainard looks on following her nomination as the next Fed vice-chair, at the Eisenhower Executive Office Building in Washington, DC, on November 22. Photo: Getty Images/AFP
Opinion
Opinion
US Federal Reserve must get creative and act fast to end inflation spiral
- Despite the flashing warning signs, the Fed remains wedded to a monetary policy born of the low-inflation past
- With inflationary pressures going from transitory to pervasive, the policy rate should be the first line of defence
Fed chair Jerome Powell speaks after being nominated for a second term as Lael Brainard looks on following her nomination as the next Fed vice-chair, at the Eisenhower Executive Office Building in Washington, DC, on November 22. Photo: Getty Images/AFP
