Page 10 - யார்க் கூட்டாட்சியின் இருப்பு வங்கி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Economy growing rapidly, inflation up notably, says US Fed chair

June 23, 2021 WASHINGTON (AP) The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell (AP pic below) said in written testimony delivered yesterday at a congressional oversight hearing. Still, Powell reiterated his view that inflation’s recent jump to a 13-year high would prove temporary. “Inflation has increased notably in recent months,” Powell said in the prepared remarks. He blamed the rise on several factors, including sharp price declines last year at the onset of the pandemic, which make inflation figures now, compared with a year ago, look much larger. Higher gas prices, and rapid increases in consumer spending as the economy reopens, coupled with supply bottlenecks, have also contributed to rising costs. “As these transitory supply effects abate, inflation is expected to drop back toward our longer-run goal,” Powell said, referring to the two per cent inflation rate the Fed typically targets.

United statesJohn williamsJames bullardYork federal reserve bankFederal reserveFederal reserve chair jerome powellLouis federal reserve president james bullardஒன்றுபட்டது மாநிலங்களில்ஜான் வில்லியம்ஸ்ஜேம்ஸ் புல்லார்ட்யார்க் கூட்டாட்சியின் இருப்பு வங்கிகூட்டாட்சியின் இருப்புகூட்டாட்சியின் இருப்பு நாற்காலி ஜெரோம் போவல்லூயிஸ் கூட்டாட்சியின் இருப்பு ப்ரெஸிடெஂட் ஜேம்ஸ் புல்லார்ட்

Fed s Powell says high inflation temporary, will wane

By CHRISTOPHER RUGABER Created: June 22, 2021 03:57 PM WASHINGTON (AP) - Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary. Consumer prices jumped 5% in May compared with a year earlier, the largest increase in 13 years. Republican House members have sought to blame higher inflation on President Joe Biden s $1.9 trillion economic relief package, approved in March, in an effort to retake the House next year. The Biden inflation agenda of too much money chasing too few goods is causing major harm to hardworking families, said Louisiana Rep. Steve Scalise, the second-ranking Republican House leader.

John williamsJames bullardYork federal reserve bankFederal reserveLouis fed president james bullardஜான் வில்லியம்ஸ்ஜேம்ஸ் புல்லார்ட்யார்க் கூட்டாட்சியின் இருப்பு வங்கிகூட்டாட்சியின் இருப்புலூயிஸ் ஊட்டி ப்ரெஸிடெஂட் ஜேம்ஸ் புல்லார்ட்

Fed chair speaks to inflation concerns

Fed chair speaks to inflation concerns Christopher Rugaber The Associated Press WASHINGTON Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary. Consumer prices jumped 5% in May compared with a year earlier, the largest increase in 13 years. Republican House members have sought to blame higher inflation on President Joe Biden’s $1.9 trillion economic relief package, approved in March, in an effort to retake the House next year. “The Biden inflation agenda of too much money chasing too few goods is causing major harm to hardworking families,” said Louisiana Rep. Steve Scalise, the second-ranking Republican House leader.

United statesJohn williamsJames bullardSteve scaliseJoe bidenYork federal reserve bankFederal reserveFederal reserve chair jerome powellPresident joe bidenRepublican houseLouis fed president james bullardஒன்றுபட்டது மாநிலங்களில்ஜான் வில்லியம்ஸ்ஜேம்ஸ் புல்லார்ட்ஸ்டீவ் ஸ்காலிசெஓஹோ பிடென்

Federal Reserve chief says high inflation temporary

Federal Reserve chief says high inflation temporary
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.

Capitol hillDistrict of columbiaUnited statesJerome powellJohn williamsJames bullardYork federal reserve bankFederal reserveFederal reserve chair jerome powellReform select subcommitteeReserve chairman jerome powellNasdaq compositeLouis fed president james bullardDow jones industrial averageகேபிடல் மலைமாவட்டம் ஆஃப் கொலம்பியா

High inflation will wane, Fed s Powell says

High inflation will wane, Fed s Powell says
newstribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newstribune.com Daily Mail and Mail on Sunday newspapers.

United statesJohn williamsJames bullardSteve scaliseJoe bidenYork federal reserve bankFederal reserveFederal reserve chair jerome powellPresident joe bidenRepublican houseLouis fed president james bullardஒன்றுபட்டது மாநிலங்களில்ஜான் வில்லியம்ஸ்ஜேம்ஸ் புல்லார்ட்ஸ்டீவ் ஸ்காலிசெஓஹோ பிடென்