Fed: Inflation is still “too high”

we Federal Reserve Chair Jerome Powell Said we inflation Remaining”too high“This is how he explained his decision to raise the central bank’s key interest rates by 75 basis points (or 0.75%). This is the fourth increase this year and Powell It suggests that it could be raised further to ease price pressure on consumers.

at the same time, Powell The opinion is that the US economy is not in recession and that such a scenario can be avoided.

“”I think there is a way we can take to reduce inflation While maintaining a strong labor market,” He said.

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/ BNR Fed: Inflation is still “too high”

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