Powell Says Fed Must Accept Higher Recession Risk to Combat Inflation

Wall Street Journal, June 30, 2022–Nick Timiraos and Tom Fairless (subscription)
Federal Reserve Chairman Jerome Powell said he was more concerned about the risk of failing to stamp out high inflation than about the possibility of raising interest rates too high and pushing the economy into a recession.
https://www.wsj.com/articles/powell-says-pandemic-could-alter-inflation-dynamics-11656509259?