The Federal Reserve warns of the possibility of high inflation in America


US Federal Reserve Chairman Jerome Powell warned on Tuesday that the risks of “continuing high inflation” had increased, and indicated that the institution would consider removing stimulus sooner than originally planned.
While Powell predicted a decline in inflation next year, he told the Senate Banking Committee that it was time to “drop” the term “temporary” when describing price increases.Powell said earlier, that “the mutated Omicron of Covid could slow the recovery of the US economy and the labor market and increase uncertainty about inflation.” Powell acknowledged that the factors that raise inflation in the United States “will continue for a long time next year.”


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