Powell Says ‘Inflation Is Much Too High’ and the Fed is considering more aggressive rate hikes to tame inflation
Jerome H. Powell, the chair of the Federal Reserve, voiced worry about inflation expectations and declared the central bank ready to do what it takes to control rapid price increases. https://www.nytimes.com/2022/03/21/business/economy/powell-fed-inflation.html Fed Chairman Jerome Powell vowed tough action on inflation, which he said jeopardizes the recovery. Powell said the Fed will continue to hike rates … Read more