Business

Potential impact on employment as Fed Chair cautions against minimal or delayed interest rate reductions, according to news report.

Potential impact on employment as Fed Chair cautions against minimal or delayed interest rate reductions, according to news report.

US Federal Reserve Chairman Jerome Powell cautioned Congress on Tuesday about potential threats posed by keeping interest rates high for extended periods. "Higher-than-desired inflation isn't the sole concern," he emphasized during a congressional hearing, indicating that while curbing inflation remains essential, timing reductions in policy measures
Hossain Meah, Sara Spinelli