Fed Chair Powell Reiterates Plan to Keep Rates Higher for Longer to Curb Inflation
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#a6c7f3e2 ver:0.5

Fed Chair Powell reiterates plan to keep rates higher for longer to curb inflation, stating it will take longer to attain confidence in lowering rates. Despite weaker productivity gains and rising labor costs, the US economy remains resilient. Powell's comments come ahead of the ECB's June meeting, where officials signal intention to lower borrowing costs. #Fed #inflation #economy #ECB...

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

 https://here.news/story/a6c7f3e2?ver=0.5