Central Banks
Top Central Bankers See Further Tightening to Counter Inflation
- Powell signals Fed may hike at next two policy meetings
- ECB’s Lagarde says ‘we know we have ground to cover’
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Several of the world’s top central bankers said Wednesday that resilient economies are keeping inflation too high, and more monetary tightening will be needed.
“Although policy is restrictive, it may not be restrictive enough and it has not been restrictive for long enough,” Federal Reserve Chair Jerome Powell said at a conference at the Portuguese resort of Sintra.