Fed Chair Powell Comments that Relationship Between Unemployment and Inflation Broke at Least 20 Yrs Ago

Posted on 07/11/2019

U.S. Federal Reserve Chairman Jerome Powell said the relationship between unemployment and inflation has collapsed. “The relationship between the slack in the economy or unemployment and inflation was a strong one fifty years ago … and has gone away,” Powell said on July 9, 2019 during his testimony in front of the U.S. Senate Banking […]