Categories: World News

Fed Chief Says Will Do ‘Whatever It Takes’ For Us Economy

 

 

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.

Rejoice Ewodage

Disqus Comments Loading...
Share
Published by
Rejoice Ewodage

Recent Posts

Do Not Denigrate Nigeria In Your Sermons, Tinubu Appeals To Religious Leaders

He urged the leaders to be more constructive in their criticism of those in elective…

7 hours ago

Soldiers’ Death: Wanted Delta Monarch Turns Self In

Before he turned himself in to the police, the monarch spoke to journalists, insisting on…

9 hours ago

45 Killed As Bus Plunges Off South Africa Bridge

The vehicle had been heading from neighbouring Botswana to Moria in the north of the…

9 hours ago

CBN Pegs Minimum Capital Base For Banks At ₦500bn 

The apex bank said the new minimum capital base for commercial banks with national authorisation…

10 hours ago

Soldiers’ Killing Oil-Related, DSS Should Lead Probe — Urhobo Leader

The Urhobo leader called for an independent probe into the circumstances that led to the…

10 hours ago

Tyrants Won’t Become Leaders In Parliamentary Democracy — Utomi 

The thought leader noted that thriving democracies in the world practice parliamentary democracy.

11 hours ago