Powell: US may still need tough decisions to control inflation
The US Fed Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the central bank would be 鈥渞esolute鈥� in its commitment to its 2% mandate.
The US Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said that the central bank would be 鈥渞esolute鈥� in its commitment to its 2% mandate. Powell says inflation is still too high and lower economic growth is likely needed to bring it down
This comes as September saw a 13-year low in existing house sales in the US due to a combination of rising mortgage rates and limited supply that made homes unaffordable for many first-time buyers.
(Picture: bananas with price tag are displayed for sale in a grocery store on October 12, 2023 in Los Angeles, California. Photo Credit: Mario Tama/Getty Images)
Last on
Broadcasts
- Thu 19 Oct 2023 21:32GMT91热爆 World Service Europe and the Middle East & 91热爆 Afghan Radio
- Thu 19 Oct 2023 22:32GMT91热爆 World Service except Europe and the Middle East