Jerome Powell says inflation is still too high and lower economic growth is likely needed to bring it down

. He believes that the current policies of the Federal Reserve, such as raising interest rates and reducing the money supply, are necessary to contain inflation and help lower economic growth. Additionally, Powell suggests that fiscal policymakers could help increase consumer demand, which could help reduce inflation even further. He also believes the Federal Reserve should take steps to encourage investment, such as reducing regulations for businesses that invest, in order to promote more economic growth.