“Fed vows ‘unconditional’ inflation war, says soft landing still possible”

Sharing is Caring!

(Reuters) -The Federal Reserve, fresh from its biggest interest rate hike in more than a quarter of a century, signaled on Friday that the rising risk of recession will not stop its battle to bring down searing inflation that’s punishing American households.

“The Committee’s commitment to restoring price stability – which is necessary for sustaining a strong labor market – is unconditional,” the Fed said in its twice-yearly monetary policy report to Congress, referring to the U.S. central bank’s rate-setting Federal Open Market Committee.

See also  Schrodinger's Transgenderism: Definitely Not a Disorder but Still Needs to be "Treated" Medically

“We’re attacking inflation and we’re going to do all that we can to get it back down to a more normal level, which for us has got to be 2%,” Atlanta Fed President Raphael Bostic told American Public Media’s Marketplace radio program. “We’ll do whatever it takes to make that happen.”


Help Support Independent Media, Please Donate or Subscribe:
See also  It’s deflation not inflation - the reason our food supply is under attack

Views: 17

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.