Jerome Powell tells senators that the Federal Reserve's primary goal is to reduce inflation, and he still hopes to achieve what he has called a 'soft landing' – a reduction in inflation and a slowdown in growth without triggering a recession and high unemployment.
Federal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as
Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession.
Federal Reserve Chairman Jerome Powell vowed on Wednesday the central bank has the “resolve” to keep hiking interest rates until inflation is under control.
Federal Reserve Chairman Jerome Powell said on Wednesday that policymakers are committed to tackling inflation and will hike rates until consumer prices start to fall.
In our news wrap Wednesday, Federal Reserve Chair Jerome Powell pledged to raise interest rates enough to douse inflation without sparking a recession, Russian artillery battered Kharkiv in Ukraine's northeast, Sri Lanka's prime minister declared his nation’s economy is in complete collapse and aske…
