Federal Reserve Chair Jerome Powell is unlikely to waver on maintaining stimulus policies despite market inflation fears.
WASHINGTON: Skittish investors have see-sawed between celebration about the expected US economic recovery and nail-biting over a possible price spiral, but the Federal Reserve is standing firm on keeping interest rates low.
In the balance between allowing faster growth — and rising prices — in order to restore some of the more than nine million jobs still missing due to the Covid-19 pandemic, Fed Chair Jerome Powell’s message has been clear: he wants to see more people back to work.
Analysts are expecting the Fed’s policy-setting Federal Open Market Committee (FOMC) to maintain its very “dovish” stance when it holds its two-day policy meeting next week.
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