Latest News

Powell says the Fed will not hesitate to keep raising rates until inflation comes down


Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying he won’t hesitate to back interest rate increases until prices start falling back toward a healthy level.

“If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the central bank leader told the Wall Street Journal in a livestreamed interview. “We will go until we feel we’re at a place where we can say financial conditions are in an appropriate place, we see inflation coming down.

“We’ll go to that point. There won’t be any hesitation about that,” he added.

This is breaking news. Please check back here for updates.

Dollar slips as risk appetite returns

Previous article

Flight attendants’ union backs Spirit-Frontier merger, clearing labor hurdle

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News