5 takeaways as the Fed reignites its inflation fight ...Middle East

Federal Reserve Chair Jerome Powell said Wednesday that while the central bank staff is no longer forecasting a recession, there’s still a “long way to go” to get inflation back to its 2 percent target. The Fed pushed its baseline interest rate range to the highest level in 22 years Wednesday as officials were wary of letting inflation creep higher. Despite months of fading price growth, Federal Reserve Chair Jerome Powell said the bank was not quite done fighting inflation. ‘Don’t see the point of it’: Consumers feel the pinch as Fed raises rates again Here are five takeaways from Powell’s remarks to reporters. The Fed still isn’t comfortable with inflation Inflation is “w

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5 takeaways as the Fed reignites its inflation fight ...Middle East

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