Fed Chairman Powell warned that inflation may last longer th...

Fed Chairman Powell warned that inflation may last longer than expected, and Omicron variants bring downside risks

Fed Chairman Powell said that as supply and demand tend to balance, high inflation will subside next year, but he warned that the duration of price increases may exceed previous expectations.
US Secretary of Commerce Raymondo said that it is too early to judge whether the Omicron variant of the new crown virus will have an impact on the global supply chain.

Article excerpted from the US Stock Research Agency