Americans base their outlook for inflation on gas more than anything else. An EV-powered future might make this less of a problem for the Fed.
As Powell said, inflation expectations are of "critical importance" for the central bank to achieve its price stability goal of inflation that averages 2%.
And though the central bank focuses on "core" measures of inflation that strip out food and gas, Powell is well aware of the limitations of this approach.Longer-term inflation expectations haven't given the Fed too much trouble through its recent rate-hiking cycle. Short-term expectations, however, had the central bank under pressure during the summer of 2022, when
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Abnormal Security Achieves FedRAMP "In Process" Milestone to Deliver Human Behavior Security to the U.S. Government Verséa Discovery, Inc. Announces the Official Launch of mescreen™ Research Validator – a Revolutionary Mitochondrial Compound Assessment Platform
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