Fed Chairman Jerome Powell says inflation is still too high.for the first time in 16 years — or since July 20, 2007. The yield had eased back some as of Friday morning, last trading around 4.935%, but stock futures slipped as a result of the impressive bond action. Futures tied to the
U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023.Fed Chairman Jerome Powell said Thursday inflation is still — still! — too high but that the central bank sees its monetary policy working and that it would be "resolute" in its commitment to reaching 2%.
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