Fed Chair: Leaving Interest Rates Too High for Too Long Could Harm US Economic Growth
By Andrew Moran Federal Reserve Chair Jerome Powell warned lawmakers on Capitol Hill that leaving interest rates too high for too long could threaten the U.S. economy. Appearing before the Senate Banking Committee for his semi-annual monetary policy report to Congress on July 9, Mr. Powell expressed concern that pivoting on monetary policy too early or too late “could unduly weaken…
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