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‘Lack of Further Progress’ on Inflation Keeps Interest Rates High

by Evelyn Reynolds 1 May 2024, 21:54 189 Views

new video loaded: ‘Lack of Further Progress’ on Inflation Keeps Interest Rates High

By The New York Times•May 1, 2024

Jerome H. Powell, the Fed chair, said that the central bank needed “greater confidence” that inflation was coming down before it decided to cut interest rates, which are at a two-decade high.

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Source: Economy - nytimes.com

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‘Lack of Further Progress’ on Inflation Keeps Interest Rates High

Jerome H. Powell, the Fed chair, said that the central bank needed “greater confidence” that inflation was coming down before it decided to cut interest rates, which are at a two-decade high.

States’ backlash against Binance.US continues with 6th license pulled

Fed chair Powell signals that rates will remain higher for longer

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