Yahoo Finance, June 15, 2021, FOMC preview: Inflationary pressures tempt taper talk
The Federal Reserve had hoped for a string of strong jobs reports showing a pace of 1 million monthly job gains.
Instead, the Fed received larger-than-expected readings on inflation.
Fed Chairman Jerome Powell (voter): “We saw in the last expansion that unemployment could go to 50 year lows without troubling inflation and we put that to work.” (Remarks at National Community Reinvestment Coalition, May 3)
