Fed Chair Powell says inflation is far above Fed objective; high inflation poses significant hardship; Fed strongly committed to returning to 2% goal, failure would strongly cause greater harm
- Banking system is strong and resilient.
- Monetary policy and supervision tools are separate.
- Fed tools are complementary most of the time, sustainably achieving price stability depends on a stable financial system.
19 May 2023 - 16:06- Fixed IncomeImportant- Source: Newswires
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