The US central bank will do “whatever it takes” for the economy, to head off inflation or to react to any new crisis, Federal Reserve Chairman Jerome Powell said Friday.
In a highly-anticipated speech, Powell did not directly address President Donald Trump’s renewed criticism of Powell for raising interest rates, which Trump says undermines his efforts to boost the economy.
In the speech to the annual gathering of central bankers and economists in Jackson Hole, Wyoming, Powell said there were few signs the US economy was “overheating,” which means the Fed can continue its course of gradual rate increases.
He urged the leaders to be more constructive in their criticism of those in elective…
Before he turned himself in to the police, the monarch spoke to journalists, insisting on…
The vehicle had been heading from neighbouring Botswana to Moria in the north of the…
The apex bank said the new minimum capital base for commercial banks with national authorisation…
The Urhobo leader called for an independent probe into the circumstances that led to the…
The thought leader noted that thriving democracies in the world practice parliamentary democracy.