Powell not prepared yet to say he’s confident about inflation
Powell not prepared yet to say he’s confident about inflation
11/7/2024 6:10

Federal Reserve Chair Jerome Powell said he believes inflation is receding, but isn’t yet confident that price gains are sustainably slowing to the central bank’s 2% goal.

“I do have some confidence” that inflation is receding, the Fed chief told House lawmakers on his second day of testimony in Washington.

Source: Bloomberg

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