
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressures
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Central bank chair says economy performing well but cites ‘lack of progress’ on price pressures
Full ArticleWatch live coverage as Fed Chair Jerome Powell begins two days of testimony on Capitol Hill, where he is expected to face questions..
The US central bank, known as the Fed, has again kept interest rates high - at 5.25% to 5.5%.
With increased cost of living, high interest rates, inflation and a housing market that is increasingly inaccessible to buyers,..