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US Fed Chair Powell says ‘inflation is still too high’

Powell caught in Russian prank call with fake Zelensky: Video revealed
Source: Video Screenshot

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.”

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Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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