Publisher: Maaal International Media Company
License: 465734
Thursday, 31 July 2025
Fed Chairman: Inflation remains above our 2% target, but is on the right track
US Federal Reserve Chairman Jerome Powell said that inflation remains above the bank’s 2% target, but is on the right track.
During a press conference held this evening, he indicated that some of the repercussions of the tariffs are beginning to appear, anticipating a severe impact on inflation rates.
The US Federal Reserve decided to hold interest rates steady for the fifth consecutive meeting.
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