Fed Chair Powell: I Am Not Happy with Any Inflation Indicators

BlockBeats News, July 15th, Federal Reserve Chair Powell today attended a Senate hearing, during which he frequently expressed dissatisfaction with inflation. He stated: "Recent inflation data does not perfectly reflect the underlying inflation situation. The labor market looks pretty good, but the inflation outlook is not very optimistic. I am not satisfied with any inflation measure. We will examine our tools, including the balance sheet and interest rates, to see if adjustments are needed to address inflation."