Powell says economy still needs Fed help, pushes back on inflation worries

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds. "Monetary policy is accommodative and it continues to need to be accommodative .

.. Expect us to move carefully, patiently, and with a lot of advance warning,".....

This article is no longer available in our repository.

There could be multiple reasons for this.