Fed ready for rate increases, cautions against early end to tightening
Al Mayadeen English
4 min readDespite implementing 11 rate hikes over the past two years, inflation has not reached the desired levels, leading Fed Chairman Jerome Powell to caution against prematurely declaring the end of monetary tightening by the central bank.
Federal Reserve Chairman Jerome Powell speaks at a meeting of the Economic Club of New York, Thursday, Oct. 19, 2023, in New York. (AP Photo/Seth Wenig)
Breaking News
Most Read
23:31
Local Syrian sources told Al Mayadeen: General Security forces carried out a large-scale raid yesterday, leading to the arrest of dozens of Alawite youths
08:16
Syrian letter: Syria has set up committee to monitor activities of Palestinian factions in Syria, seeks further discussions on issue.
08:15
Reuters: Syrian letter delivers response to US conditions for sanctions relief, vows to not be 'a threat to any party, including Israel'
10:55
Vatican: Pope Francis has died.
21:01
Palestinian Health Ministry: Youth Suleiman Manasrah martyred by Israeli gunfire near Jenin in the northern West Bank
03:47
Al Mayadeen's correspondent in occupied Palestine: IOF carry out violent bombing operations east of Gaza City.
13:35
Spain cancels purchase of bullets from "Israel"
11:35
Yemeni Armed Forces: Two operations conducted with two drones, Yafa and Sammad 1.
22:37
Bassil: We do not want incitement or a problem with the Syrian people, but after the fall of the Syrian regime, the excuse for remaining in Lebanon is no longer there
23:43
Al Mayadeen's correspondent: US airstrike targets the al-Tawila district in al-Mahwit governorate, west of Sanaa
23:30
Sources from Homs to Al Mayadeen: The bodies of several individuals from the Alawite community previously detained by General Security were found in the city’s hospitals, having been executed by gunfire
22:17
Al Mayadeen's correspondent: US raids target Bani Matar district, west of the Yemeni capital, Sanaa