WASHINGTON: Despite a risk that high inflation in the United States could persist, it would be"premature" to raise borrowing rates and risk slowing the economic recovery, Federal Reserve Chair Jerome Powell said Friday .
But at the Fed"we need to be patient," Powell said during a panel discussion organized by South Africa's central bank. But"it would be premature to actually tighten policy by raising rates now with the effect and intent of slowing job growth."
Up them. Up them high.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan central bank says watching inflation, will take steps if neededTAIPEI : Taiwan's central bank said on Friday it is watching inflation and there is no cause for alarm, but added it will adopt 'appropriate' monetary policies if needed.In a Facebook post, the central bank said that major institutions predict Taiwan's consumer price index, or CPI, will not exceed 2per ce
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BOJ says Japan's banking system stable, warns of risksTOKYO: Japan\u0027s banking system remains stable as a whole but faces risks such as a possible increase in financial institutions\u0027 credit costs caused by a delay in the country\u0027s economic recovery, the Bank of Japan (BOJ) said on Thursday (Oct 21). The central bank must also be vigilant to the risk financial i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Latvia goes back into lockdown as COVID-19 rate spikesRIGA, Latvia: Latvia plunged back into lockdown on Thursday (Oct 21), with non-essential shops closed and cinemas, theatres and hairdressers shutting down for a month in a bid to break the world\u0027s worst COVID-19 rate. Latvia has seen 1,406 COVID-19 infections per 100,000 inhabitants over the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
COVID-19 recovery poses dire climate, health risks: LancetPARIS: Countries\u0027 fossil-fuel powered COVID-19 recoveries will have long-lasting consequences on human health and risk worsening food and water insecurity, heatwaves and infectious diseases already threatening billions globally, a major assessment warned on Thursday (Oct 21). The Lancet Countdown is t 是你們自己不保重身體，導致自己身體不好是吧？怎麼又來怪氣候？ 幾年前就有個新加坡男人在香港被冷死？當天的氣溫是12℃？
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Explainer: How China Evergrande's debt troubles pose a systemic riskHONG KONG: China Evergrande Group has supplied funds to pay interest on a dollar bond, a person with direct knowledge of the matter told Reuters on Friday (Oct 22), days before a dea
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »