Buckle up America: Powell says interest rates will likely stay higher for longer as inflation stubbornly refuses to come down

By Federal Reserve Chair Jerome Powell.Kent Nishimura/Getty ImagesFed Chair Jerome Powell said that he expects interest rates to stay higher for longer.He said his confidence that inflation will slow “is not as high as it was.”Still, the slowing job market is a sign that the economy is moving in the right direction.Inflation and interest rates are…

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Desert Dreams

For years, North Phoenix was expected to become a sea of sprawling homes as a continuation of the Valley’s suburban growth.By all accounts, that vision has now expanded.Arguably the most notable swath of undeveloped land in that part of town is Biscuit Flats, which spans about 12,000 acres from Carefree Highway down to the Central…

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