Fed’s Powell Aims at Balancing Inflation and Ukraine Risks
According to Bloomberg News, Federal Reserve Chair, Jerome Powell should be able to strike a balance in the forthcoming weeks since he is aiming at reassuring Americans that the central bank will be able to tackle the high inflation and confront the ongoing war in Ukraine that is expected to cloud the economic outlook. Powell will endorse the late signals his colleagues are sending about raising interest rates in March. However, Russia’s ongoing war with Ukraine has undoubtedly instilled a sense of uncertainty that contributes to price pressures that might risk cooling the demands.
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