WASHINGTON/NEW YORK: US Federal Reserve (Fed) officials say that monetary policy will need to stay restrictive for “some time” to bring inflation back...
Powell and Philadelphia Fed president Patrick Harker sit down with Julie Keene, an owner and operator of Flinchbaugh's Orchard & Farm Market, during a walking tour of York, Pennsylvania, on Monday. – ReuterspicUS Federal Reserve officials say that monetary policy will need to stay restrictive for “some time” to bring inflation back down to the Fed’s 2% target, but their unity around that phrase masks an ongoing debate over another possible rate increase this year.
Despite considerable progress, she said, “inflation continues to be too high, and I expect it will likely be appropriate for the to raise rates further and hold them at a restrictive level for some time”. Speaking at a separate event in New York on Monday, Fed vice chair for supervision Michael Barr said he believes rates are now “at or very near” a sufficiently restrictive level.
Fed chair Jerome Powell, who on Monday was visiting York, Pennsylvania to get an up-close view of how businesses and workers are experiencing the economy, last month also said restrictive policy would be needed “for some time”, as did the influential chief of the New York Fed, John Williams, last Friday.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Lens clash with Arsenal recalls glory days for resurgent French sideLENS: Lens&039; Champions League clash with Arsenal on Tuesday will see the French side come full circle in the season that marks their return to Europe&039;s...
Leggi di più »
Fed’s Bowman: Expects it to be appropriate to raise rates furtherWASHINGTON, Oct 2 — Federal Reserve Governor Michelle Bowman today said she remains willing to support another increase in the central bank’s policy interest rate at a future...
Leggi di più »
Nasdaq, S&P 500 rise ahead of comments from Fed Chair PowellNEW YORK, Oct 2 — The tech-heavy Nasdaq and the S&P 500 rose today as most growth stocks gained, while investors awaited comments from Federal Reserve Chair Jerome Powell and...
Leggi di più »
Fed’s hawkish stance pushes greenback higherDemand for US dollar continues to remain strong.
Leggi di più »
Meta technology chief defends tech titan’s AI strategyMENLO PARK: Meta&039;s chief technology officer is quick to push back on assertions that the company has fallen behind rivals like ChatGPT in the explosiv...
Leggi di più »