Cutting rates too soon could be ‘quite disruptive’: Fed’s Powell

The US Federal Reserve’s high benchmark rate is “doing its job” against elevated inflation, chairman Jerome Powell said Wednesday, warning that lowering it too soon could be “quite disruptive” for the American economy. The US central bank has held interest rates at a 23-year high of between 5.25 and 5.50 percent as it seeks to […]

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