Fed can’t ignore the risk of higher inflation, Powell says

America’s central bankers continue to deal with the double whammy of potentially higher inflation and a slowing labor market, Federal Reserve Chair Jerome Powell said Tuesday, calling it a “challenging situation” for Fed policymakers.

​ America’s central bankers continue to deal with the double whammy of potentially higher inflation and a slowing labor market, Federal Reserve Chair Jerome Powell said Tuesday, calling it a “challenging situation” for Fed policymakers. Read More Breaking News, Latest News and Videos | CNN