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The Fed is willing to risk a recession in order to reduce inflation

Federal Reserve Chairman Jerome Powell Join European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey to exchange views on current policy issues and discuss the long-term outlook at the European Central Bank Forum on Central Banks in Sintra, Portugal, on Wednesday.

He told the committee that “The economy is driven by very different forces,”In addition to that “What we don’t know is whether we’ll go back to something that looks, or looks a little bit like, what we had before.”

Powell said the Federal Reserve’s role in ensuring price stability and inflationary pressures arising from the Russian invasion of Ukraine It’s a different ball game than the last quarter century.

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