You are currently viewing Federal Reserve to Act ‘Forthrightly, Strongly’ Until Inflation ‘Job Is Done,’ Powell Says

Federal Reserve to Act ‘Forthrightly, Strongly’ Until Inflation ‘Job Is Done,’ Powell Says



In the U.S. “the clock is ticking” on inflation, forcing the Fed to act quickly, Powell said. The Federal Open Market Committee (FOMC), the Fed’s rate-setting body, next meets Sept. 20-21 and – following a string of hawkish remarks over the past couple of weeks – is widely expected to lift its benchmark Fed funds rate by another 75 basis points.



Source link

Leave a Reply