July 25, 2024

Powell’s Cautious Approach to Interest Rates Amid Inflation Concerns

Federal Reserve Chair Jerome Powell emphasized the necessity of patience in monetary policy during a panel in Amsterdam, as his confidence in the steady decline of inflation has waned since the beginning of the year. The unexpectedly high inflation readings in recent months have underscored the need for a cautious approach to altering interest rates. Powell’s Cautious Approach to Interest Rates Amid Inflation Concerns

The post Powell’s Cautious Approach to Interest Rates Amid Inflation Concerns appeared first on ImaStockTrader.

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