Today news
About the same in other media
Powell vows to prevent inflation from taking long-run hold in the U.S.
Reading now: 360
Federal Reserve Chairman Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term. «The risk is that because of the multiplicity of shocks you start to transition to a higher-inflation regime.
Our job is literally to prevent that from happening, and we will prevent that from happening,» the central bank leader said. «We will not allow a transition from a low-inflation environment into a high-inflation environment.» Speaking to a European Central Bank forum along with three of his global counterparts, Powell continued his tough talk on inflation running at its highest level in more than 40 years.
Read more on cnbc.comAbout this in other media
Ethereum [ETH]’s bearish pressure may subside in short-term, but can the bulls defend the alt in the long run? ambcrypto.com /4 weeks ago
Ukraine war: Zelenskyy vows to reclaim lost ground after Russia captures Lysychansk euronews.com /1 month ago
We Now Understand How Little We Understand About Inflation – Fed’s Powell cryptonews.com /1 month ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
