Former Secretary of the Treasury, Steve Mnuchin, warned that the U.S. economy would have a significant downturn this year amid concerns over inflation as the Federal Reserve wants the prices under control.
During an interview with Fox News on Jan. 31, Mr. Mnuchin said the U.S. economy is facing “significant issues.” “We’re going to see a significant slowdown of the U.S. economy over the next six months,” he said.
It’s unlikely that the central bank will pull the trigger on a rate cut in March, Fed Chair Jerome Powell told reporters during the post-Federal Open Market Committee (FOMC) meeting news conference.
The move comes as the Federal Reserve has increased interest rates 11 times […]
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