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Powell said in remarks during a meeting of business and community leaders in WashingtonOn Friday, the Fed continues to deal with an unusual set of disruptions, according to a report published by the agency "Bloomberg".
Powell did not address expectations Benefit In the coming period.
The Fed is following a tight monetary policy interest rates By 75 basis points last week, raising interest rates to 3 percent to 3.25 percent.
Interest rates are expected to rise to about 4.4 percent by the end of this year.
The CPI was in United State It rose 8.3 percent year-on-year in August, the highest in nearly 40 years.
The Fed seeks to curb rates inflation and reduce it to the target level of 2%.
The US economy contracted in the first and second quarters of this year by 1.6 percent and 0.6 percent, respectively, which means that the world’s largest economy is technically going through a recession.
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Powell said in remarks during a meeting of business and community leaders in WashingtonOn Friday, the Fed continues to deal with an unusual set of disruptions, according to a report published by Bloomberg.
Powell did not address expectations Benefit In the coming period.
The Fed is following a tight monetary policy interest rates By 75 basis points last week, raising interest rates to 3 percent to 3.25 percent.
Interest rates are expected to rise to about 4.4 percent by the end of this year.
The CPI was in United State It rose 8.3 percent year-on-year in August, the highest in nearly 40 years.
The Fed seeks to curb rates inflation and reduce it to the target level of 2%.
The US economy contracted in the first and second quarters of this year by 1.6 percent and 0.6 percent, respectively, which means that the world’s largest economy is technically going through a recession.