Indian stocks declined sharply on Monday morning tracking negative cues from global benchmarks as stocks in the US plummeted after Federal Reserve Chair Jerome
US Federal Reserve Chair Jerome Powell testifies at a confirmation hearing before the Senate Banking Committee in Washington, D.C., the United States, on Jan. 11, 2022. (Graeme Jennings/Pool via Xinhua) WASHINGTON - United States Federal Reserve Chairman Jerome Powell said on Monday that the central bank will, if needed, move "more aggressively" to raise the federal funds rate by more than 25 basis points at its policy meetings to curb inflation. "The labor market is very strong, and inflation is much too high," Powell said in prepared remarks for the National Association for Business Economics'(NABE) annual economic policy conference in Washington D.C. "There is an obvious need to move expeditiously to return the stance of monetary policy to a more neutral level, and then to move to more restrictive levels if that is what is required to restore price stability," he said. The Fed last week raised its benchmark interest rate by a quarter percentage poin
At a virtual press conference Wednesday afternoon, Fed Chair Jerome Powell said that the U.S. economy no longer needs sustained high levels of monetary policy s
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