Washington, June 23 (SocialNews.XYZ) US Federal Reserve Chair Jerome Powell said on Tuesday that the central bank will not raise interest rates preemptively based on inflation fears, reiterating recent inflation surge is transitory.
"We will not raise interest rates preemptively because we think employment is too high, because we fear the possible onset of inflation. Instead, we will wait for actual evidence of actual inflation or other imbalances," Powell told lawmakers at a hearing before ......