This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
He said, however, that despite inflation remaining at 2.8% in March, the Fed needs greater confidence before considering policy adjustments.
Republican-led pushback to a digital dollar intensifies.
The Fed chief’s comments come as financial markets brace for a potential bank failure.
Bull markets naturally climb a “wall of worry,” and the latest worries center around escalating wars, the presidential race, and delays in Fed rate cuts.
Powell and his colleagues will not be persuaded by political pressure in an election year.
The former president has long history of complaining about Mr. Powell and the Fed.
Additional tightening could be in store for the U.S. economy if inflation doesn’t come down fast enough.
The central bank keeps interest rates at a 22-year high, pledges to monitor conditions amid stubborn inflation.
