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US Federal Reserve chair Jerome Powell pictured last month - Elizabeth Frantz/Reuters
The US is not suffering from âstagflationâ and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said.
Mr Powell on Wednesday night dismissed suggestions that the US was close to an economic trap of stagnant growth and rampant inflation, saying the economy was among the best in the world and the rate of price rises was on track to fall to the Fedâs 2pc targe...
>>> Read more: US not suffering from âstagflationâ, says Fed chairman Jerome Powell
The US is not suffering from âstagflationâ and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said.
Mr Powell on Wednesday night dismissed suggestions that the US was close to an economic trap of stagnant growth and rampant inflation, saying the economy was among the best in the world and the rate of price rises was on track to fall to the Fedâs 2pc targe...
>>> Read more: US not suffering from âstagflationâ, says Fed chairman Jerome Powell
