Federal Reserve Chairman Powell: Deflation has just begun, and it is necessary to raise interest rates further

ChainCatcher news, according to CoinDesk, during a discussion about the economy with the co-founder of Carlyle Group, Federal Reserve Chairman Jerome Powell stated that the "disinflationary process" has just begun, and further interest rate hikes are necessary. The Federal Reserve will also need a long time to be ready to announce victory in the fight against inflation. (Source link)