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Powell warns that rates will remain high until inflation subsides to 2%

Date: January 28, 2023 Time: 22:22:55

The US Federal Reserve insists on a goal of ending high inflation. To do this, he has interest rates as a tool, a rate that he warned, became higher for a while. At least until the data give the certainty that the price control in the 2% range is fulfilled. The latest minutes of the agency show consecutive increases in the price of money based on the impact of monetary policy on economic activity, which opens the door to another half-point rise like the one carried out in December, until raising rates to 4.5%.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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