Fed chief Jerome Powell to warn Congress inflation is elevated but likely to moderate

Binance
Dow futures drop over 300 points as selling gathers pace after Fed minutes
Dow futures drop over 300 points as selling gathers pace
Binance


Inflation is likely to stay high in the coming months before moderating, Federal Reserve Chairman Jerome Powell is set to tell Congress at a hearing on Tuesday morning. In testimony released by the central bank on Monday, Powell largely repeated remarks he made at a news conference last week after the central bank indicated it was likely to begin reversing its easy-money policies at its next meeting, Nov. 2-3.



Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*