CNN CNN Newsroom June 4, 2024 14:12:00
Blunt no nonsense message on friday. the fed chair warning the u.s. central bank is nowhere near the point where it can begin slowing the pace and severity of interest rate hikes as it attempts to get inflation under control. the fed chair clearly trying to tamp down speculation in financial markets that the central bank might be nearing the more market friendly, less aggressive interest rate policy after he got some encouraging inflation reports recently. powell saying instead the fed will need to see sustained drops in inflation before easing up on rate hikes, warning higher interest rates w...
Source: archive.org