Central Banks stress need to keep rates high

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At an annual Federal Reserve gathering in Jackson Hole, Wyoming, keynote speeches from Fed Chair Jerome Powell and European Central Bank President Christine Lagarde, laid out the challenges each is facing in deciding if they should extend historic strings of rate increases that began last year.

 

The Policymakers pledged to keep rates high until inflation is tamed as they grapple with trade, and debt challenges

 

 

Bloomberg/Hauwa Abu

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