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Listen to Powell’s Advice in Jackson Hole

Monday, September 5, 2022

President Jokowi should accept the situation by not forcing more policies to boost economic growth. An important message from the Federal Reserve Chair Jerome Powell deserves consideration.

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Ilustration Imam Yunianto. tempo : 171406666856.

PRESIDENT Joko Widodo finally gives up. The government cannot add a budget anymore to subsidize fuel. Fuel subsidies have increased drastically due to persistently high global oil prices. Besides that, domestic fuel consumption had risen rapidly after the Covid-19 pandemic ended. It has eaten up too much of the government budget. If it insists on pouring more fuel subsidies, the government risks running out of money. Thus, the prices of various

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Yopie Hidayat

Jokowi inflation Jay Powell Fuel Subsidies Economic Slowdown
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