US Federal Reserve to move ‘carefully’ on interest rates, says Chair Jerome Powell; notes easing inflation
Jerome Powell said that the US monetary policy was slowing the economy as expected with a benchmark overnight interest rate “well into restrictive territory”, while noting that a key measure of inflation averaged 2.5% over the six months ending in October, near the Fed's 2% target.
DNA News Desk
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Jerome Powell said that the US monetary policy was slowing the economy as expected with a benchmark overnight interest rate “well into restrictive territory”, while noting that a key measure of inflation averaged 2.5% over the six months ending in October, near the Fed's 2% target.
