US Federal Reserve chairman Jerome Powell and other members of the central bank indicated they are resolute in keeping interest rates above 5 per cent this year. AFP
US Federal Reserve chairman Jerome Powell and other members of the central bank indicated they are resolute in keeping interest rates above 5 per cent this year. AFP

Business

Economy

Federal Reserve urged to pause interest-rate rises

Central bank asked to consider employment as it raises borrowing costs to tackle inflation

Kyle Fitzgerald
Kyle Fitzgerald
Washington

January 30, 2023