FRS Chairman Jerome Powell Photo: Scanpix
US Federal Reserve (FRS) officials, including Chairman Jerome Powell, said they were still not convinced interest rates were high enough to win the fight against inflation.
“The Fed is committed to a monetary policy stance that is tight enough to reduce inflation to 2% over time. We’re not sure we’ve done enough to make that happen,” Powell said at an International Monetary Fund event on Thursday. “If there is a need to further strengthen the policy, we will not hesitate to do so,” he admitted.
2023-11-10 10:52:04
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