Powell: Inflation could turn out to be higher, more persistent than expected

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facts is he always mentioned that he BELIEVE that ... however no press ask him what make him so sure about that ... what figures support his view. crystal ball maybe.

I am really confusing reading many news
news 1 said a, news 2 said b

Yes there is a” current maximum of employment “
the economy runs out of people able to work , let alone want to work .

big surprise mate

But they only plan to steal 2% per year.

*Fed holds rates near zero, says economy has gotten better even with pandemic worries*

(1) Along with that, the committee said in a unanimously approved statement that the economy continues to “strengthen.”
Heading into this week’s meeting, markets were pricing in zero chance of any rate increases this year. However, the likelihood of a 2022 hike rose from 54.4% before the meeting to 62% afterward, with futures fully pricing in the first hike by March 2023, according to CME’s FedWatch tool and Reuters.

(2) “The Fed has started the tapering clock,” said PNC chief economist Gus Faucher.

(3) On the broader economy, the Fed has kept its foot to the accelerator despite some of the fastest post-World War II growth the U.S. has ever seen. Second-quarter GDP numbers are out Thursday, with the Dow Jones estimate at 8.4% annualized growth for the April-to-June period. That would be the fastest pace since early 1983, not counting last year’s outsized Q3 growth as the economy reopened from the pandemic shutdown.

(4) Markets had been watching for the Fed’s views on the spread in the Covid-19 delta variant, but Powell and his fellow officials were relatively sanguine at least in terms of the threat the virus poses to the economy.

Source:
https://www.cnbc.com/2021/07/28/fed-decision-july-2021.html

what he actually say is that high inflation is temporary.

Taper and High Inflation in US is ENOUGH for making USD getting stronger.