Federal Reserve Chair Powell Expresses Contentment with US Economy, Signals Interest Rates to Remain High
===============	
#a6c7f3e2 ver:0.52

Federal Reserve Chair Powell expresses contentment with US economy, signals interest rates to remain high. Powell emphasizes managing inflation and the importance of Fed's credibility. US economy performing well with strong consumer spending and business investment. No rush to cut rates, focus on keeping benchmark rate at current peak. Concern about nonbank lending growth and puzzling housing inflation. Productivity gains weaker in Q1 2024. Powell's remarks ahead of ECB meeting on lowering borrowing costs. #Fed #USeconomy #interestrates #inflation...

#newstr #FederalReserve #JeromePowell #UsEconomy #InterestRates #Inflation #ConsumerSpending #BusinessInvestment #LaborMarket #BankingSystem #HousingInflation 

 https://here.news/story/a6c7f3e2?ver=0.52