Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.”
Related Posts
How a New Year’s Resolution Can Set Up Financial Goals for Success
Don’t give up on resolving to do better, psychologists and personal finance experts say. The key is to reframe the way you think about it.
Ukraine Rejects U.S. Demand for Half of Its Mineral Resources
President Volodymyr Zelensky publicly faulted the American offer, which is tied to continued aid, because it did not include security guarantees.
China Tries to Downplay the Trade War’s Effects on Its Economy
Faced with economic disruption, Beijing is presenting itself as too powerful to succumb to U.S. pressure. It is also censoring criticism at home.