Powell Says Inflation Risks Tilted Upward, ‘No Risk-Free Path’ for Policy

Federal Reserve Chair Jerome Powell said on Dec. 10 that short-term inflation risks are tilted to the upside and employment risks are tilted to the downside, adding that “there is no risk-free path” for monetary policy, according to BlockBeats. His remarks echo language from a Sept. 23 speech, in which he stated, “Near-term risks to inflation are tilted to the upside and risks to employment to the downside … Two-sided risks mean that there is no risk-free path.”