Jerome Powell: US Fed prepared to raise interest rates higher to bring down inflation: Jerome Powell
The US Federal Reserve chairman Jerome Powell on Friday said that the central bank is prepared to raise interest rates higher -- and hold them there -- in order to bring down elevated inflation. "We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective," AFP quoted him as saying.
Source: indiatimes.com