Comment on Fed chair signals gradual rate hikes in tame inflation era

Fed chair signals gradual rate hikes in tame inflation era

Fed chair signals gradual rate hikes in tame inflation era

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the Fed will likely keep raising short-term interest rates at a gradual pace, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said Wednesday that with the unemployment rate at an 18-year low of 3.8 percent and inflation near the Fed's 2 percent target, the case for continued gradual increases in rates "is strong.Read more on NewsOK.com

 

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