Are we there yet? Fed chief seeks to soothe US inflation fears

In testimony before the House of Representatives Committee on Financial Services on Wednesday, Federal Reserve Chairman Jerome Powell reaffirmed the US central bank’s commitment to achieving ‘maximum employment and price stability.’

Are we there yet? Like a dad on a road trip with small children, Federal Reserve Chairman Jerome Powell’s task seems to be to continually reassure lawmakers and investors that the United States economy hasn’t quite recovered fully from the coronavirus blow and that some inflation along the won’t derail the recovery. But, like impatient kids, not everyone is soothed by the US central bank chief’s words, no matter how many times he says them. And some analysts fear there could be tantrums ahead.