Jerome Powell, chairman of the US Federal Reserve, speaks  in Washington on Wednesday. Photo: Bloomberg
Jerome Powell, chairman of the US Federal Reserve, speaks in Washington on Wednesday. Photo: Bloomberg

US Federal Reserve chairman Jerome Powell says China’s strict ‘zero-Covid’ policy hinders global supply chain

  • The top US central banker also says smaller interest rate increases are likely and could start as soon as the Federal Reserve’s meeting in December
  • Prices of goods manufactured or assembled in China are affected when it has shutdowns in regions deeply connected to the world economy, Powell says

Jerome Powell, chairman of the US Federal Reserve, speaks  in Washington on Wednesday. Photo: Bloomberg
Jerome Powell, chairman of the US Federal Reserve, speaks in Washington on Wednesday. Photo: Bloomberg
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