The Federal Reserve raised interest rates by three-quarters of a point in their sixth increase this year. Jerome H. Powell, the Fed chair, said “at some point” it would be appropriate to slow the pace of increases. Source link
Tag: Jerome Powell
Fed Raises Interest Rates Sharply to Combat Inflation
Jerome H. Powell, the Federal Reserve chair, announced the central bank’s biggest rate increase since 1994, in an effort to rein in inflation without denting economic growth or destabilizing markets. Source link
The Fed may get more aggressive to fight inflation. How to prepare
For most Americans, the surging cost of living is weighing heavily on their wallets. “Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,’” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates for the first time…