Jerome Powell, Chairman of the Federal Reserve, stressed his determination to reduce inflation and said he will not hesitate to support interest rate hikes until prices fall back to a healthy level.

According to the Wall Street Journal, the chief of central banks said that if it means that we have to move beyond widely understood neutral levels, we will do so. in a livestreamed interview. “We’ll go till we feel that our financial situation is in a suitable place. We expect inflation to drop. That is the goal. We won’t hesitate to do that.”

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