Today news
About the same in other media
Jerome Powell Says Bringing Down Inflation Could Fuel Political Opposition
Reading now: 782
The Federal Reserve is strongly committed to lowering inflation even though interest-rate increases to restrain economic growth could fuel political blowback, said Chair Jerome Powell.
“Price stability is the bedrock of a healthy economy and provides the public with immeasurable benefits over time,” Mr. Powell said Tuesday in remarks prepared for delivery on panel discussion in Stockholm. “But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy.”
Read more on wsj.comAbout this in other media
Central-Bank Digital Currencies Are Coming—Whether Countries Are Ready or Not wsj.com /1 year ago
Powell Says Fed Will Not Become a ‘Climate Policy Maker’ wsj.com /1 year ago
Nexo investigation is not political, says Bulgarian prosecutors cointelegraph.com /1 year ago
Show more
The website finance-news.co. 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.
