Fed chairman Jerome Powell calls US the best-performing major economy in the world

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The Straits Times 6h ago

Fed chairman Jerome Powell calls US the best-performing major economy in the world - The Straits Times

Quick Summary:

Mr Powell noted that inflation is "running much closer” to the bank’s target.

There has been widespread anger about the cumulative impact of years of inflation, which has pushed up consumer prices by more than 20 per cent since the onset of the Covid-19 pandemic.

Mr Powell noted that inflation was “running much closer” to the bank’s target, but had not reached it just yet.