Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate


Bitcoin News writes:
Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate
Powell: Economy Progresses but Inflation Still 'Too High' to Adjust Benchmark RateOn Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving sustainably” toward the 2% target. Fed Pauses Rate […]