Federal Reserve Chair Powell Highlights US Economic Strength and Warns of Persistent Inflation
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#a6c7f3e2 ver:0.53

Federal Reserve Chair Powell highlights US economic strength and warns of persistent inflation. Powell expresses contentment with the economy, emphasizing managing inflation and the Fed's credibility. He downplays rate hike potential and expects inflation to ease. Concerns about lending activities by nonbank financial firms and puzzling housing inflation. Recent data shows weaker productivity gains. Powell's remarks come ahead of the ECB's June meeting. Implications include sustained tight monetary policy and balancing inflation-fighting with economic growth support. #Fed #economy #inflation #interestrates...

#newstr #FederalReserve #JeromePowell #UsEconomy #Inflation #InterestRates 

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