FED Chair Jerome Powell says inflation is still too high and warns more interest rate hikes are coming.
Although Powell acknowledged that progress has been made, he noted that inflation is still above a comfortable level.
Moreover, Powell clearly stated that the Federal Reserve was “prepared to raise rates further” as the fight continued.
Specifically, Fed Chair Jerome Powell has said that interest rate hikes are coming as inflation rates remain too high.
Moreover, despite making note of economic progress, he noted that inflation rates remain too high for comfort.
Subsequently, he stated that the Federal Reserve will embrace malleability as it considers all options moving forward.
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