US Federal Reserve chair Jerome Powell (right), with vice-chair Lael Brainard and US Federal Reserve Bank of New York president and CEO John Williams at the central bank’s annual symposium in Wyoming. Photo: AP
US Federal Reserve chair Jerome Powell (right), with vice-chair Lael Brainard and US Federal Reserve Bank of New York president and CEO John Williams at the central bank’s annual symposium in Wyoming. Photo: AP

US Federal Reserve’s interest rates pledge leaves China with less room to manoeuvre

  • Economists forecast further US rate rises after a pledge by US Federal Reserve chief Jerome Powell to bring inflation under control
  • The move spells ‘bad news’ for China by limiting the ability to further cut rates while the economy is slowing down

US Federal Reserve chair Jerome Powell (right), with vice-chair Lael Brainard and US Federal Reserve Bank of New York president and CEO John Williams at the central bank’s annual symposium in Wyoming. Photo: AP
US Federal Reserve chair Jerome Powell (right), with vice-chair Lael Brainard and US Federal Reserve Bank of New York president and CEO John Williams at the central bank’s annual symposium in Wyoming. Photo: AP
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