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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    "Powell": The Fed remains concerned about the weakness of inflation

    Rocky
    Rocky
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    "Powell": The Fed remains concerned about the weakness of inflation Empty "Powell": The Fed remains concerned about the weakness of inflation

    Post by Rocky Thu 19 Jul 2018, 3:49 am

    "Powell": The Fed remains concerned about the weakness of inflation






    2018/07/18 23:25


    (Encyclopedia of this Day News | Iraq News ) - Direct: Federal Reserve Chairman said that Almkhatralamtalqh prospects ofinflation in the United States , "roughly balanced" but he is still concerned about the weakness of the general price level rise in the country.

    Jerome Powell, on the second day of his testimony before Congress, said he was concerned about the low rate of inflation, noting that inflation lasted long without the central bank's target of 2%.

    The Fed chairman said inflation measured by the consumer price index (CPI) was 2.3 percent in the twelve months to May, but core inflation excluding food and energy prices was 2 percent over the same period.

    Powell said yesterday that one of the main challenges for the central bank is to keep inflation close to 2 percent.

    Powell also said that US economic growth at a strong pace supports Fed plans to raise interest rates 4 times a year.



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