THE Federal Reserve may need to raise interest rates further to ensure inflation is contained, Fed chair Jerome Powell said on Friday (Aug 25), nodding both to easing price pressures and the surprising overperformance of the US economy and promising to proceed “carefully” at upcoming meetings.
Fed’s Powell says higher rates may be needed, will move ‘carefully’
2023-08-25T14:17:44-04:00August 25th, 2023|
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