Fed Chair Powell: 'We understand the difficulties' of rising inflation_老虎社区_美港股上老虎

Fed Chair Powell: 'We understand the difficulties' of rising inflation

Yahoo2021-11-04

The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....

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117

koolgal
·2021-11-07
The Feds has been maintaining that inflation is transitory but nonetheless it is there. The Feds also hope that with the gradual tapering program inflation will be reduced. But in the meantime the markets have been hitting g new records! Hope the Santa rally continues to Christmas! 🚀🚀🚀🎊🎉🎊
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- koolgal:
  Me too. Then we can have our freedom back
  2021-11-08
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- koolgal:
  Thanks
  2021-11-08
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- koolgal:
  Thanks
  2021-11-08
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Jenjorjack
·2021-11-04
Do u? Please help me like ya
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2
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maOQiu
·2021-11-04
Ok
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4
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- maOQiu:
  [财迷]
  2021-11-04
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bwkhoo
·2021-11-04
Powell cannot let the market crash when he is still in office or else he cannot get reappointment
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- Winkingbear:
  Hahah yeah maybe
  2021-11-04
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- Tonica:
  haha. this is the appoint
  2021-11-04
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Calvin_GKH
·2021-11-04
[难过]
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4
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IZLIN
·2021-11-04
@simplydkam @Sagi08 @Meow17[Cool]
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5
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在於我們是
·2021-11-04
Please like [Smile]
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- SirBahamut:
  Ok
  2021-11-04
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- 57e0002a:
  ok
  2021-11-04
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PKLim
·2021-11-04
Taper sooner
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3
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Universe宇宙
·2021-11-04
"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.
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- Universe宇宙:
  really understand?
  2021-11-04
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- Universe宇宙:
  really?
  2021-11-04
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- Universe宇宙:
  you sure?
  2021-11-04
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JamesPang
·2021-11-04
Please like and comment
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- JamesPang:
  thanks
  2021-11-04
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- phoebe0824:
  ok
  2021-11-04
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5949571c
·2021-11-04
Ok
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3
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It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. 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The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. 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But in the meantime the markets have been hitting g new records!&nbsp; Hope the Santa rally continues to Christmas! 🚀🚀🚀🎊🎉🎊","listText":"The Feds has been maintaining that inflation is transitory but nonetheless it is there.&nbsp; The Feds also hope that with the gradual tapering program inflation will be reduced. But in the meantime the markets have been hitting g new records!&nbsp; Hope the Santa rally continues to Christmas! 🚀🚀🚀🎊🎉🎊","text":"The Feds has been maintaining that inflation is transitory but nonetheless it is there. The Feds also hope that with the gradual tapering program inflation will be reduced. But in the meantime the markets have been hitting g new records! Hope the Santa rally continues to Christmas! 🚀🚀🚀🎊🎉🎊","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":27,"commentSize":20,"repostSize":0,"link":"https://laohu8.com/post/845933542","repostId":1179826318,"repostType":2,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6495001,"gmtCreate":1636343432113,"gmtModify":1636343432113,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845933542,"type":1,"supId":6491481,"prevId":0,"content":"Me too.&nbsp; Then we can have our freedom <u>back</u>","text":"Me too.&nbsp; Then we can have our freedom <u>back</u>","html":"Me too.&nbsp; Then we can have our freedom <u>back</u>"},{"id":6494996,"gmtCreate":1636343401274,"gmtModify":1636343401274,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845933542,"type":1,"supId":6491521,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":6494995,"gmtCreate":1636343393139,"gmtModify":1636343393139,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845933542,"type":1,"supId":6493308,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":6491481,"gmtCreate":1636328559468,"gmtModify":1636336097808,"authorId":4096368443831390,"author":{"id":4096368443831390,"idStr":"4096368443831390","authorId":4096368443831390,"name":"b1uesky","avatar":"https://static.tigerbbs.com/87ef9b02e19a8acfaa7ae5b147b70882","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845933542,"type":1,"supId":0,"prevId":0,"content":"now it is just the start. Just hope the pandemic will get better and ease the current situation.","text":"now it is just the start. Just hope the pandemic will get better and ease the current situation.","html":"now it is just the start. Just hope the pandemic will get better and ease the current situation."},{"id":6493308,"gmtCreate":1636334666328,"gmtModify":1636334666358,"authorId":3560287889745415,"author":{"id":3560287889745415,"idStr":"3560287889745415","authorId":3560287889745415,"name":"Rayzor","avatar":"https://static.tigerbbs.com/e74b2984081a52e575941a3dfc70a455","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845933542,"type":1,"supId":0,"prevId":0,"content":"<p>thanks</p>","text":"<p>thanks</p>","html":"<p>thanks</p>"}],"langContent":"CN"},{"id":848649187,"gmtCreate":1635996878729,"gmtModify":1635996938157,"author":{"id":"3554873215379647","authorId":"3554873215379647","name":"Jenjorjack","avatar":"https://static.tigerbbs.com/d9d4687aa5519f0d2fb1b18f916be861","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554873215379647","authorIdStr":"3554873215379647"},"htmlText":"Do u? Please help me like ya","listText":"Do u? Please help me like ya","text":"Do u? Please help me like ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848649187","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":848630178,"gmtCreate":1635993079375,"gmtModify":1635993109353,"author":{"id":"3553680669291881","authorId":"3553680669291881","name":"maOQiu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3553680669291881","authorIdStr":"3553680669291881"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848630178","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6446654,"gmtCreate":1635993084825,"gmtModify":1635993084848,"authorId":3553680669291881,"author":{"id":3553680669291881,"idStr":"3553680669291881","authorId":3553680669291881,"name":"maOQiu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848630178,"type":1,"supId":0,"prevId":0,"content":"[财迷]","text":"[财迷]","html":"[财迷]"}],"langContent":"CN"},{"id":848695633,"gmtCreate":1635992922900,"gmtModify":1635992923702,"author":{"id":"3576444918223783","authorId":"3576444918223783","name":"bwkhoo","avatar":"https://static.tigerbbs.com/62d6e46769c7f3e2599cb62434f5f5c3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576444918223783","authorIdStr":"3576444918223783"},"htmlText":"Powell cannot let the market crash when he is still in office or else he cannot get reappointment&nbsp;","listText":"Powell cannot let the market crash when he is still in office or else he cannot get reappointment&nbsp;","text":"Powell cannot let the market crash when he is still in office or else he cannot get reappointment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/848695633","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6447361,"gmtCreate":1635995925999,"gmtModify":1635995926032,"authorId":3566159832938847,"author":{"id":3566159832938847,"idStr":"3566159832938847","authorId":3566159832938847,"name":"Winkingbear","avatar":"https://static.tigerbbs.com/fa59ca544b59fdba57ec5b04668be509","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848695633,"type":1,"supId":0,"prevId":0,"content":"Hahah yeah maybe ","text":"Hahah yeah maybe ","html":"Hahah yeah maybe "},{"id":6446701,"gmtCreate":1635993336770,"gmtModify":1635993336874,"authorId":4093583449913140,"author":{"id":4093583449913140,"idStr":"4093583449913140","authorId":4093583449913140,"name":"Tonica","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848695633,"type":1,"supId":0,"prevId":0,"content":"haha.&nbsp; this is the <u>appoint</u>","text":"haha.&nbsp; this is the <u>appoint</u>","html":"haha.&nbsp; this is the <u>appoint</u>"}],"langContent":"CN"},{"id":848601251,"gmtCreate":1635992126538,"gmtModify":1635992156616,"author":{"id":"3583232588242926","authorId":"3583232588242926","name":"Calvin_GKH","avatar":"https://static.tigerbbs.com/562335042bbb987f5b9370e6664fc2dc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583232588242926","authorIdStr":"3583232588242926"},"htmlText":"[难过]&nbsp;","listText":"[难过]&nbsp;","text":"[难过]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848601251","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":848875752,"gmtCreate":1635991809741,"gmtModify":1635992125661,"author":{"id":"3581848609787274","authorId":"3581848609787274","name":"IZLIN","avatar":"https://static.tigerbbs.com/f2241963762942310c858a3aae49c0d1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581848609787274","authorIdStr":"3581848609787274"},"htmlText":"<a href=\"https://laohu8.com/U/3582502706085184\">@simplydkam</a><a href=\"https://laohu8.com/U/3582026494482473\">@Sagi08</a><a href=\"https://laohu8.com/U/3581561113691319\">@Meow17</a>[Cool]&nbsp;","listText":"<a href=\"https://laohu8.com/U/3582502706085184\">@simplydkam</a><a href=\"https://laohu8.com/U/3582026494482473\">@Sagi08</a><a href=\"https://laohu8.com/U/3581561113691319\">@Meow17</a>[Cool]&nbsp;","text":"@simplydkam@Sagi08@Meow17[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848875752","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":848873984,"gmtCreate":1635991509062,"gmtModify":1635991513803,"author":{"id":"3580638845558081","authorId":"3580638845558081","name":"在於我們是","avatar":"https://static.tigerbbs.com/400933d41d715fa2dc89a42f82e63f64","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3580638845558081","authorIdStr":"3580638845558081"},"htmlText":"Please like [Smile]&nbsp;","listText":"Please like [Smile]&nbsp;","text":"Please like [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/848873984","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6446252,"gmtCreate":1635991610640,"gmtModify":1635991610739,"authorId":3581734227956830,"author":{"id":3581734227956830,"idStr":"3581734227956830","authorId":3581734227956830,"name":"SirBahamut","avatar":"https://static.tigerbbs.com/98035de918c1759870078e69640b8281","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848873984,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6446251,"gmtCreate":1635991607167,"gmtModify":1635991607201,"authorId":3582431165926620,"author":{"id":3582431165926620,"idStr":"3582431165926620","authorId":3582431165926620,"name":"57e0002a","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848873984,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":848879195,"gmtCreate":1635991468482,"gmtModify":1635991469048,"author":{"id":"3572491001882551","authorId":"3572491001882551","name":"PKLim","avatar":"https://static.tigerbbs.com/fd59d359589b55bc6c2e8e1c92a14009","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3572491001882551","authorIdStr":"3572491001882551"},"htmlText":"Taper sooner","listText":"Taper sooner","text":"Taper sooner","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848879195","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":848849252,"gmtCreate":1635990822025,"gmtModify":1635991328340,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3585001294737518","authorIdStr":"3585001294737518"},"htmlText":"\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.","listText":"\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.","text":"\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/848849252","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6446087,"gmtCreate":1635990964588,"gmtModify":1635990964618,"authorId":3585001294737518,"author":{"id":3585001294737518,"idStr":"3585001294737518","authorId":3585001294737518,"name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848849252,"type":1,"supId":0,"prevId":0,"content":"really understand?","text":"really understand?","html":"really understand?"},{"id":6446066,"gmtCreate":1635990868352,"gmtModify":1635990868378,"authorId":3585001294737518,"author":{"id":3585001294737518,"idStr":"3585001294737518","authorId":3585001294737518,"name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848849252,"type":1,"supId":0,"prevId":0,"content":"really?","text":"really?","html":"really?"},{"id":6446061,"gmtCreate":1635990856947,"gmtModify":1635990857032,"authorId":3585001294737518,"author":{"id":3585001294737518,"idStr":"3585001294737518","authorId":3585001294737518,"name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848849252,"type":1,"supId":0,"prevId":0,"content":"you sure?","text":"you sure?","html":"you sure?"},{"id":6446055,"gmtCreate":1635990846482,"gmtModify":1635990846564,"authorId":3585001294737518,"author":{"id":3585001294737518,"idStr":"3585001294737518","authorId":3585001294737518,"name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848849252,"type":1,"supId":0,"prevId":0,"content":"[捂脸]","text":"[捂脸]","html":"[捂脸]"}],"langContent":"CN"},{"id":848840544,"gmtCreate":1635990743718,"gmtModify":1635990841433,"author":{"id":"3571697757751706","authorId":"3571697757751706","name":"JamesPang","avatar":"https://static.tigerbbs.com/7be8c64b1475bb8d5afdfd812323bd46","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571697757751706","authorIdStr":"3571697757751706"},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/848840544","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6446045,"gmtCreate":1635990791246,"gmtModify":1635990791278,"authorId":3571697757751706,"author":{"id":3571697757751706,"idStr":"3571697757751706","authorId":3571697757751706,"name":"JamesPang","avatar":"https://static.tigerbbs.com/7be8c64b1475bb8d5afdfd812323bd46","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848840544,"type":1,"supId":6446038,"prevId":0,"content":"thanks","text":"thanks","html":"thanks"},{"id":6446038,"gmtCreate":1635990771864,"gmtModify":1635990771975,"authorId":3586753455276526,"author":{"id":3586753455276526,"idStr":"3586753455276526","authorId":3586753455276526,"name":"phoebe0824","avatar":"https://static.tigerbbs.com/6f3ffd3227e01caff51b98d87fb8efd1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848840544,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":848853749,"gmtCreate":1635990442028,"gmtModify":1635990648696,"author":{"id":"4090385848895520","authorId":"4090385848895520","name":"5949571c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4090385848895520","authorIdStr":"4090385848895520"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848853749","repostId":1179826318,"repostType":4,"repost":{"id":"1179826318","pubTimestamp":1635990031,"share":"https://www.laohu8.com/m/news/1179826318?lang=&edition=full","pubTime":"2021-11-04 09:40","market":"us","language":"en","title":"Fed Chair Powell: 'We understand the difficulties' of rising inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1179826318","media":"Yahoo","summary":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyda","content":"<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.</p>\n<p>\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.</p>\n<p>Americans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).</p>\n<p>But Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.</p>\n<p>The Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.</p>\n<p>Compared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”</p>\n<p>Powell said the change was made “to show uncertainty around that.”</p>\n<p><b>Interest rates near zero</b></p>\n<p>In its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.</p>\n<p>Since the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.</p>\n<p>\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.</p>\n<p>But the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.</p>\n<p>Powell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.</p>\n<p>There are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.</p>\n<p>Powell suggested his deference is to give workers and hiring firms more time to plug the shortfall.</p>\n<p>\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.</p>\n<p>The next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Chair Powell: 'We understand the difficulties' of rising inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chair Powell: 'We understand the difficulties' of rising inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time....</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/fed-chair-powell-we-understand-the-difficulties-of-rising-inflation-212410432.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179826318","content_text":"The nation’s top economic policymaker acknowledged that inflationary pressures are impacting everyday Americans, but doubled down on his view that the hot pace of price increases should abate in time.\n\"We understand the difficulties that high inflation poses for individuals and families, particularly those with limited means to absorb higher prices for essentials such as food and transportation,” Federal Reserve Chairman Jerome Powell said in a press conference Wednesday.\nAmericans have been feeling the impact of rising prices as of late. The Consumer Price Index showed pricesrising 5.4% on a year-over-year basisin September (the fastest reading since 2008).\nBut Powell leaned again on the explanation of these pressures as “transitory,” pointing to pandemic-induced materials and labor shortages that have constrained supply chains globally.\nThe Fed chief said those bottlenecks should persist into next year, stressing that if it appears that inflation will persist even after those COVID-related factors fade, the central bank can raise interest rates.\nCompared to messaging in the last Federal Open Market Committee meeting in September, the policy-setting arm of the central bank appears to be taking seriously the risk of persistent inflation. It tweaked its language in its policy statement to note that inflationary pressures are not “transitory” but “expected to be transitory.”\nPowell said the change was made “to show uncertainty around that.”\nInterest rates near zero\nIn its policy announcement Wednesday, the FOMC unanimously voted to hold interest rates at near zero butbegin the process of tapering its asset purchases.\nSince the depths of the pandemic, the Fed has been buying about $120 billion per month in U.S. Treasuries and agency mortgage-backed securities to signal its support of the economy. But starting this month, the Fed will slow those aggregate purchases by $15 billion per month.\n\"We are prepared to speed up or slow down the pace of reductions in asset purchases, if it's warranted by changes in the economic outlook,” Powell told the press.\nBut the tapering program, which marks the first major step in the Fed unwinding its pandemic-era easy money policies, has revved up chatter about when the central bank could eventually tap into its primary tool of levering short-term interest rates.\nPowell made it clear that while it could deploy a rate hike to quell inflation, his focus will be on letting the labor market heal.\nThere are still over 5 million workers out of the labor force compared to pre-pandemic levels, which Powell remained optimistic about fixing. The challenge: jobs data as of latehave missed expectationsfor a more vigorous labor market recovery.\nPowell suggested his deference is to give workers and hiring firms more time to plug the shortfall.\n\"Ideally we would see further development of the labor market in a context where there isn't another COVID spike, and then we would be able to see how does participation react in that post-COVID world,” Powell said.\nThe next jobs report, covering the month of October, is due on Friday. The central bank’s next policy-setting announcement is scheduled to take place on Dec. 14 and 15.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":117,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}