Are U.S. interest rates high enough to beat inflation? The Fed will take its time to find out 

Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington. The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. / ASSOCIATED PRESS FILE PHOTO SUSAN WALSH

WASHINGTON (AP) – The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.  A major concern expressed by both Fed policymakers and some economists is

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber

No posts to display