US Fed Chair Powell says 'inflation is still too high'
- Economy
- AFP
- Published Date: 09:54 | 20 March 2024
- Modified Date: 09:54 | 20 March 2024
US inflation has eased substantially while the labor market remains strong, Federal Reserve Chair Jerome Powell said Wednesday, but "inflation is still too high."
Speaking at a press conference after the Fed's latest decision to hold interest rates at a 23-year high for a fifth straight meeting, Powell added: "Ongoing progress in bringing it down is not assured, and the path forward is uncertain."