The Fed says it’s still not ready to taper asset purchases despite surging inflation pressures. On Wall to Wall, Greta spoke with Chris Markowski, founder of Markowski Investments, about the bank’s latest statement.
Joe Biden has reportedly begged the U.S. Central Bank to curb inflation that has been spiraling out of control under his watch. According to reports on Monday, Biden asked Federal Reserve Chair Jerome Powell to do “whatever it takes” to control inflation.
Inflation is running hot but the Fed is holding steady on its accommodative policy.
Federal Reserve Chair Jerome Powell has said inflation will remain elevated before moderating in the coming months.
The Federal Reserve emphasizes the need for patience on monetary policy.