{"id":592424,"date":"2021-07-15T15:52:03","date_gmt":"2021-07-15T19:52:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=592424"},"modified":"2021-07-15T15:52:04","modified_gmt":"2021-07-15T19:52:04","slug":"fed-chair-inflation-to-remain-elevated-before-moderating","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-chair-inflation-to-remain-elevated-before-moderating\/","title":{"rendered":"Fed chair: Inflation to remain elevated before moderating"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffed-chair-inflation-to-remain-elevated-before-moderating%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=592424&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2457654\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2457654\" class=\"wp-caption-text\">Jerome Powell, Chair, Board of Governors of the Federal Reserve speaks during a conference at the Federal Reserve Bank of Chicago on June 04, 2019 in Chicago, Illinois. The conference was held to discuss monetary policy strategy, tools and communication practices. (Photo by Scott Olson\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 12:38 PM PT \u2013 Thursday, July 15, 2021<\/h5>\n<p>Federal Reserve Chair Jerome Powell has said inflation will remain elevated before moderating in the coming months. Powell made the comment on Wednesday while presenting the Fed\u2019s semi-annual monetary policy report to the House Financial Services Committee.<\/p>\n<p>This comes as inflation has surged every month since Joe Biden took office. The central bank chief noted economic improvements, but said the labor market was still below pre-pandemic levels.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Consumer prices up 4.7 percent since February 2020 <a href=\"https:\/\/t.co\/iSUqvUHJ9v\">https:\/\/t.co\/iSUqvUHJ9v<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BLSdata?src=hash&amp;ref_src=twsrc%5Etfw\">#BLSdata<\/a> <a href=\"https:\/\/t.co\/1lmh7pOlhb\">pic.twitter.com\/1lmh7pOlhb<\/a><\/p>\n<p>\u2014 BLS-Labor Statistics (@BLS_gov) <a href=\"https:\/\/twitter.com\/BLS_gov\/status\/1415695148047011845?ref_src=twsrc%5Etfw\">July 15, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u201cInflation is being temporarily boosted by base effects, as the sharp pandemic-related price declines from last spring drop out of the 12-month calculation,\u201d said Powell.<\/p>\n<p>Powell\u2019s comments come as U.S. consumer prices in June grew at the fastest pace seen in 13 years. He added the economy needs to improve more before the central bank changes its monetary policy.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/gen-scott-miller-returns-to-u-s-after-departing-afghanistan\/\">Gen. Scott Miller Returns To U.S. After Departing Afghanistan<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Jerome Powell, Chair, Board of Governors of the Federal Reserve speaks during a conference at the Federal Reserve Bank of Chicago on June 04, 2019 in Chicago, Illinois. The conference &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-592424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/592424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=592424"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/592424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=592424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=592424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=592424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}