Apr 21, 2022
Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May
Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May
Fed Chairman Jerome Powell on Thursday said the central bank was committed to raising interest rates “rapidly” to curb inflation. That could mean a 50 basis point increase in May, the fastest rate in 40 years. “Restoring price stability is absolutely essential,” he added. Federal Reserve Chairman Jerome Powell affirmed the central bank Federal Reserve Chairman Jerome Powell affirmed the…
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