US Fed could hike rates again if 'appropriate': Powell
Headline from Digital Journal
The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two-percent target, Fed
Digital Journal's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
For now, Jerome Powell says he believes the Federal Reserve faces nearly equal risks of raising its benchmark rate too high or not raising it high enough.
Federal Reserve Chair Jerome Powell reiterated that the central bank has yet to reach its 2% inflation target on Thursday, making it clear that there is no definitive end to its historic interest-r…
The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two-percent target, Fed
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell suggested Thursday that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace.
Fed Chair Jerome Powell said it was premature for the central bank to declare a conclusive end to its historic interest-rate increases of the past two years even though he didn’t make an argument for raising rates further right now.
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