- [Daily Mail, Where America Gets Its News] Fed chair Jay Powell issued warning to Americans struggling with inflation
- The medicine will bring 'some pain,' he said in an interview on Thursday
- Powell is trying to bring down inflation without triggering a recession
- That could mean job losses and pay freezes for workers
- He spoke after being confirmed for a second term as head of the central bank
- The Fed is now in the process of raising interest rates to slow borrowing and spending enough to cool off inflation
- Powell's support in Congress demonstrates that Republicans largely blame Biden's spending rather than the Fed's ultra-low interest rates and purchasing of trillions of dollars in securities