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Fed Powell summary: Inflation is still too high, but risk is more balanced.

Fed Powell summary: Inflation is still too high, but risk is more balanced.
Fed Chair Jerome Powell's comments center around inflation, which is currently much higher than the Fed's target. He reiterates the importance of price stability as the bedrock of a strong economy and the central bank's responsibility to maintain it. Despite the significant challenges posed by inflation, the Fed remains steadfastly committed to achieving its 2% inflation goal.He underscores the strength and resilience of the banking system and explains the separate yet often complementary roles... Read More
Posted: May 19 2023, 15:55
Author Name: forexlive
Views: 081588

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