US Fed Vice Chair Says Interest Rates Should Remain On Pause
International Business Times UK -

The US central bank should keep interest rates at their current "restrictive" levels until it sees real progress in the fight to lower inflation, a senior Fed official said Monday.The US Federal Reserve has hiked interest rates -- and held them -- at a 23-year high as it looks to bring inflation down to its long-term target of two percent.After making significant progress last year, Fed policymakers have hit a speed bump since the start of the year, with inflation coming in too hot in the first...

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