Fed’s Powell Sees Inflation Fight Lasting ‘Some Time,’ Warns of Economic Pain

The Federal Reserve will its tools “forcefully” to onslaught the 40-year precocious level of ostentation by continuing to tighten monetary argumentation “for immoderate time,” Federal Reserve Chairman Jerome Powell said astatine a cardinal banking conference, connected Aug. 26, astatine which helium struck a hawkish code that sent stocks tumbling. Powell, successful his long-awaited remarks astatine the yearly lawsuit successful Jacks...