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The Economic Times

Business / The Economic Times

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Committed to maintaining Fed independence, asserts Jerome Powell

Jerome Powell, the Federal Reserve Chair, has strongly defended the central bank's independence. He emphasized that political interference could damage the Fed's credibility. Powell also indicated that an interest rate hike is not expected soon. Inflation remains above the target, driven by goods prices, while services sector disinflation continues. The Fed remains committed to serving the public interest.

29 Jan 2026 2:03 am