Jerome Powell says inflation is still too high and lower economic growth is likely needed to bring it down
. He is advocating for fiscal and monetary policies that focus on economic stimulus and also strive for keeping inflation in check. On the monetary side, he has encouraged the Federal Reserve to keep interest rates low and continue its large-scale asset purchase program, which are aimed at keeping borrowing costs low and providing a flow of liquidity to the markets. On the fiscal side, he has called on the government for more targeted economic stimulus measures that can provide temporary targeted assistance to those most in need and infuse more liquidity into the economy to keep businesses afloat.