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in Economy

Fed Chair Powell says holding rates high for too long could jeopardize economic growth

by Editor July 9, 2024, 5:16 pm 1.6k Views

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024.

Tierney L. Cross | Bloomberg | Getty Images

Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth.

Setting the stage for a two-day appearance on Capitol Hill this week, the central bank…

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Fed Chair Powell says holding rates high for too long could jeopardize economic growth

Posted by Editor

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