Federal Reserve Chair Powell Uncertain on Need for Further Interest Rate Increases
TL;DR Summary
US Federal Reserve Chair Jerome Powell has said it is still unclear if interest rates will need to rise further, as the central bank balances uncertainty about the effect of past hikes in borrowing costs and recent bank credit tightening with the fact that inflation is proving hard to control. The Fed is set to review important jobs and inflation data in the coming weeks that could sway the debate within the central bank’s rate-setting Federal Open Market Committee.
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