Recent data adds to Fed confidence on cooling inflation: Powell
July 16, 2024 | 17:53
Federal Reserve Chair Jerome Powell said Monday that recent data boosts the central bank's confidence that inflation is coming down towards its two percent target -- a trend that signals interest rate cuts on the horizon.
US Fed downplays inflation fears, officials see rate hikes in 2023
June 17, 2021 | 19:27
Federal Reserve Chair Jerome Powell on Wednesday once again tried to assuage fears of rising US inflation, even while a majority of central bank officials now believe interest rates will increase in 2023.
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