Tue, 21-Oct-2025

US inflation ‘too high’, lowering it a priority: Fed’s Brainard

US inflation

WASHINGTON: US inflation is “too high” and the Federal Reserve will make the issue a priority, Lael Brainard, the nominee to take the number-two position at the central bank, said Wednesday. The Fed’s “most important task” is to focus on “getting inflation back down to two per cent while sustaining a recovery that includes everyone,” Brainard … Read more

Powell to target inflation at confirmation, face trading scrutiny

inflation

WASHINGTON: Federal Reserve Chair Jerome Powell will highlight the central bank’s efforts to fight inflation and stabilise the US economy at his confirmation hearing, according to testimony released on Monday. However, the Republican will likely also face questions about his ethics from a Democratic senator, after a media report raised further questions over whether a Fed … Read more