NEW YORK: Even as US inflation has hit the highest rate in over a decade, the central bank is sticking to its guns and will continue to provide stimulus until the economy has fully recovered, Federal Reserve Chairman Jerome Powell said on Wednesday.
Powell acknowledged that the inflation spike was stronger than the Fed was hoping to see and will remain "elevated" in coming months but he again expressed confidence the rate will decline once supply bottlenecks and other temporary issues are resolved.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.