Fed Chair Jerome Powell: The U.S might not reduce interest rates in its upcoming policy meeting

Cryptopolitan

Fed Chair Jerome Powell: The U.S might not reduce interest rates in its upcoming policy meeting

On Tuesday, the US stock market showed mixed reactions following comments from Federal Reserve Chair Jerome Powell.  Interest rates remain elevated According to a CNN report, Powell indicated during a discussion at Wilson Center that due to the ongoing concerns about inflation not improving, it is unlikely that the central bank will reduce interest rates in the near future, specifically at its next policy meeting in two weeks, suggesting that ra…