Federal Reserve Chairman Jerome Powell in a Wednesday speech said the global economy has entered a “new world” when it comes to inflation, while insisting the Fed would stick toward its goal of keeping inflation at a 2 percent annual hike. Powell said the low inflation era after the 2008 crisis is over and that new economic forces have led to higher inflation, creating challenges for the world’s central banks. “The last 10 years were, so far, the height of the disinflationary forces that we’ve faced, and really it goes back to before the global financial crisis, but since the global financial crisis, we’ve had very low inflation in the United States,” Powell said at a central bankin
Hence then, the article about powell global economy is in a new world was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Powell: Global economy is in a ‘new world’ )