Chairman of the US Federal Reserve Jerome Powell has conceded a US recession is certainly a possibility for the country in an address to US Congress. Mr Powell told US lawmakers heightened global tensions is making it harder to bring down inflation. He also said the bank is strongly committed to bringing it down and will do whatever it can in its power to do so, hinting at further rises in interest rates.
from Latest World News Headlines | Daily Telegraph https://ift.tt/RcGt80L
Wednesday, June 22, 2022
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