Central Banks
Powell and Central Bankers See More Tightening as Economies Withstand Hikes
- Fed, ECB, BOE heads say their inflation fight is not done
- ‘A woman’s got to do what a woman’s got to do,’ Lagarde says
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The global economy and inflation have so far proved surprisingly resilient to a barrage of interest-rate increases, prompting top central bankers to promise more of the same on Wednesday.
Appearing together in Sintra, Portugal, Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey all said they had a ways to go in reining in too-high inflation.