US: Fed prepared to raise interest rates ‘aggressively’


fed reserve worthy us news(Worthy News) – The US central bank must be swift in bringing “much too high” inflation to heel, Federal Reserve Chair Jerome Powell said Monday, adding that the bank could “aggressively” raise interest rates if necessary.

In remarks prepared for delivery to a National Association of Business Economics conference, Powell said the US “labor market is very strong, and inflation is much too high.”

“There is an obvious need to move expeditiously to return the stance of monetary policy to a more neutral level, and then to move to more restrictive levels if that is what is required to restore price stability.” [ Source: i24 (Read More…) ]

11
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Ukraine Seeks Clear Security Guarantees As Russia Pounds Power Grid
Syria’s Christians Suffer As Thousands Flee Clashes; Several Killed
Trump Pushes Gaza Phase Two Without Preconditions as Israel Presses Hamas on Hostage, Disarmament
Trump Pulls U.S. Out of 66 Global Bodies, Declares End to ‘Wasteful Globalism’ and Reasserts American Sovereignty
Death Attributed To Enhanced Immigration Enforcement In Minnesota
Deadly Swiss New Year’s Bar Fire Exposes Safety Lapses, Prompts Criminal Probe
U.S. Seizes Venezuelan Oil Tankers, Tightens Control Over Crude Exports
U.S. Seizes Russian-Flagged Oil Tanker As Washington, Moscow Trade Warnings
Pro-Palestinian Protesters Block Tel Aviv Flight At Milan Airport, Raising Security Questions
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News