Inflation

The outlook for the U.S. economy is still highly uncertain, with elevated risks of both higher unemployment and higher inflation, Powell said in prepared remarks at the annual conference for the Society for Advancing Business Editing and Writing in Arlington, Va.

Fed Chair Powell said the economy is in a “good place,” and officials must keep controlled. His remarks suggest fewer rate cuts

As a teenager in the early 1970s, I recall listening to evening news broadcasts that featured smog reports, along with stories about nearby lakes and streams which pollution had rendered unfit for wildlife and for humans.