‘It’s Not Incredibly Obvious What to Do’

Fed chair Jerome Powell readily admitted that this moment for the U.S. economy continues to be weird, Punchbowl News reports.

Said Powell: “It is such an unusual situation. Ordinarily, when the labor market is weak, inflation is low, and when the labor market is really strong, that’s when you’ve got to be careful about inflation. So we have a situation where we have two-sided risk, and that means there’s no risk-free path.”

Later, Powell put it more bluntly: “It’s not incredibly obvious what to do.”