11/22/2021, 7:39 PM (Source: TeleTrader)
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Powell: Fed will make tackling inflation a priority

Federal Reserve Chair Jerome Powell (pictured) thanked on Monday United States President Joe Biden for nominating him for a second term as the central bank's head, vowing that the Fed will primarily work to fulfill its mandate of ensuring stable prices and keeping inflation in check.

"We know high inflation takes a toll on families, especially those less able to meet the cost of essentials," Powell said during his speech at the White House.

He also pledged that the Fed will work to uphold the stability of the financial system and to diminish the risks of potential cyberattacks.

Baha Breaking News (BBN) / BU