Friday's blockbuster jobs report showed why the battle against inflation will "take quite a bit of time" Federal Reserve Chair Jerome Powell said Tuesday, acknowledging thar interest rates may need to move higher than expected if that sort of economic strength threatens the Fed's progress in lowering inflation. in a question-and-answer session before the economic Club of Washington, Powell declined several times to say explicitly that the surpassing addition of 517,000 new jobs in January would ...
