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Tag: Interest Rates
File - Federal Reserve Chair Jerome Powell, center, talks with attendees of the central bank's annual symposium at Jackson Lake Lodge in Grand Teton National Park, Aug. 26, 2022. in Moran, Wyo. As Powell returns to Jackson Hole this week, the U.S. economy's resilience has raised the prospect that the Fed will need to keep its key rate higher for longer than had been expected. (AP Photo/Amber Baesler, File)

Surprisingly Durable US Economy Poses Key Question: Are We Facing Higher-For-Longer Interest Rates?

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A year ago, Chair Jerome Powell delivered a stark warning: To fight persistently high inflation,

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