24.96 F
March 20, 2023
Image default
Business Politics

Fed’s Powell pledges to fight inflation in second term

Published by

Washington (AFP) – The pressures pushing prices to multi-decade highs are likely to last through the middle of the year, and the US central bank is ready to respond to this risk, but policymakers are committed to extending the economic expansion to promote employment, Federal Reserve chief Jerome Powell said Tuesday. The world’s largest economy is on a strong footing, and with inflation rising and employment recovering, “The economy no longer needs or wants the very highly accommodative policy” provided by the Fed in response to the Covid-19 pandemic, Powell told lawmakers, underlining the lik…

Read More

Related posts

Wall Street rises as bank shares rally, Nike boosts Dow


When will Joe Biden announce his pick for Vice President?


Twitter to accept Elon Musk’s takeover bid


Biden to press Congress on gun laws in primetime speech Thursday


Top WH coronavirus official Deborah Birx retiring soon


4 lawsuits that challenge Trump’s federal agents in Portland test issues other cities will likely face


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: