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Federal Reserve Chair Jerome Powell says he will NOT raise interest rates, insists inflation is only temporary

Comments Come During Grilling By Republicans On The 5% Spike In Prices Under Biden

By REUTERS and ASSOCIATED PRESS

Federal Reserve Chair Jerome Powell on Tuesday insisted he will not raise the interest rates and said the current spike in prices is only temporary during a grilling from House Republicans.

Consumer prices jumped 5 percent in May compared with a year earlier, the largest increase in 13 years.

The GOP says President Joe Biden’s $1.9 trillion economic relief package, approved in March, has sparked inflation and caused prices on everyday products such as gas, milk and bacon to rise.

Click the link below to read the rest of this story.

https://www.dailymail.co.uk/news/article-9712265/U-S-lawmakers-likely-press-Powell-Feds-hawkish-turn.html

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1 Comment

1 Comment

  1. KAYSWELL

    March 17, 2022 at 4:42 pm

    Another thing I have noticed is always that for many people, less-than-perfect credit is the results of circumstances beyond their control. For instance they may be really saddled with illness and because of this they have more bills for collections. It could be due to a work loss or maybe the inability to do the job. Sometimes divorce can truly send the budget in a downward direction. Many thanks for sharing your ideas on this web site.

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