Telos CEO Discusses US Economy, Soft Landing Chances, and Inflation Concerns on Nostr: Federal Reserve Chair Powell Reiterates Plan to Keep Interest Rates Higher for Longer ...
Federal Reserve Chair Powell Reiterates Plan to Keep Interest Rates Higher for Longer
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#a6c7f3e2 ver:0.55
Federal Reserve Chair Powell reiterates plan to keep interest rates higher for longer due to concerns about inflation, emphasizing patience in raising rates and monitoring the Omicron variant. Powell expects inflation to ease but acknowledges persistent price increases. He downplays recent reports on producer prices and highlights the impact of rising rents on inflation. Powell's remarks come as the Fed prepares to taper its bond-buying program. Meanwhile, European Central Bank officials signal their intention to lower borrowing costs. The implications include sustained tight monetary policy, potential impacts on the labor market and economic cooling, and the need to balance inflation-fighting with growth support. #FederalReserve #InterestRates #Inflation...
#newstr #FederalReserve #InterestRates #Inflation #Employment #OmicronVariant
https://here.news/story/a6c7f3e2?ver=0.55
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#a6c7f3e2 ver:0.55
Federal Reserve Chair Powell reiterates plan to keep interest rates higher for longer due to concerns about inflation, emphasizing patience in raising rates and monitoring the Omicron variant. Powell expects inflation to ease but acknowledges persistent price increases. He downplays recent reports on producer prices and highlights the impact of rising rents on inflation. Powell's remarks come as the Fed prepares to taper its bond-buying program. Meanwhile, European Central Bank officials signal their intention to lower borrowing costs. The implications include sustained tight monetary policy, potential impacts on the labor market and economic cooling, and the need to balance inflation-fighting with growth support. #FederalReserve #InterestRates #Inflation...
#newstr #FederalReserve #InterestRates #Inflation #Employment #OmicronVariant
https://here.news/story/a6c7f3e2?ver=0.55