Banking sector crisis in US tightened credit conditions: Fed Chair
Washington [US], May 4 (ANI): The recent banking crisis in the US appears to have resulted in tighter credit conditions and they are likely to hurt economic activities, said US Federal Reserve Chair Jerome Powell after the two-day monetary policy review meeting where it once again hiked interest rates in their pursuit of managing inflation.
The US monetary policy committee, seeking to achieve inflation at the rate of 2 pe