Libya Inflation Impact Exceeds Central Bank Figures

Economic experts highlight a significant discrepancy between Libya's official inflation figures and the actual impact experienced by citizens, attributing this gap to currency fluctuations, import dependency, and market speculation, which drive up living costs beyond official reports. In the U.S., financial advisors like Andrew Ferris caution against increasing U.S. holdings, expecting the Federal Reserve to maintain or raise interest rates due to persistent inflation, despite geopolitical tensions such as the Ukraine-Russia conflict having limited market influence. President Trump has publicly pressured Fed Chair Jerome Powell to lower interest rates, emphasizing short-term economic gains, but the Fed's independent stance aims to prioritize long-term financial stability over political demands. As the Federal Reserve prepares for key meetings, policymakers are debating whether stubborn inflation or slower job growth poses a greater threat to the economy, with inflation concerns largely prevailing. Overall, the consensus points toward the Fed maintaining a cautious approach to interest rates to control inflation, even in the face of political pressure and mixed economic signals.