thehill.com 23 Aug, 2023 11:30 am

Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?

WASHINGTON (AP) — A year ago, Chair Jerome Powell delivered a stark warning: To fight persistently high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth. Since Powell spoke at last summer’s annual conference of central bankers in Jackson Hole,…

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Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?

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