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Federal Reserve Chair Jerome Powell faced concerns from residents, community leaders, and business owners in York, Pennsylvania, about inflation and uncertainty. People expressed difficulty in making ends meet due to rising prices and a lack of accessible child care. Business owners highlighted the challenges of operating in an unpredictable environment. Powell assured them that the central bank is aware of these pressures and is taking steps to stabilize the economy, protect jobs, and tame inflation. ....
After helping build a floor under the economy during the pandemic only to put a squeeze on it as inflation soared, Federal Reserve Chair Jerome Powell on Monday faced a public he'd warned would go through painful times as the central bank hiked interest rates. On a day tour of York, Pennsylvania, once a thriving manufacturing town about 100 miles west of Philadelphia that local officials tout as undergoing a "fledgling renaissance," Powell got an earful from residents and community and business leaders fretful about inflation and eager for greater certainty about what lies ahead. Families are "squeezing to make ends meet," caught between rising prices and a lack of accessible child care, Kim Bracey, chief executive of the YWCA York, told Powell. ....
Fed chief Powell has warned of economic pain. In York, Pa., he heard all about it gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazette.com Daily Mail and Mail on Sunday newspapers.
Fed chief Powell has warned of economic pain. In York, Pa., he heard all about it reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Howard Schneider YORK, Pennsylvania (Reuters) - After helping build a floor under the economy during the pandemic only to put a squeeze on it as in. ....