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 to throttle the economy and cause a recession.
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Powell concedes Fed may trigger recession, calls soft landing 'very challenging'Federal Reserve Chairman Jerome Powell conceded that avoiding a recession will be difficult as the U.S. central bank hikes interest rates to tame inflation.
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AUD/USD tumbles below 0.6920 as market mood sours, Fed Powell eyedThe AUD/USD pair has witnessed a steep fall after slipping below the round-level support of 0.6940 in the Asian session. The asset is expected to disp
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Powell: Fed aiming to avoid recession amid inflation fightFederal 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 to throttle the economy and cause a recession.
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Elizabeth Warren to Fed chair Jerome Powell: Don't 'drive this economy off a cliff''You know what's worse than high inflation and low unemployment? It's high inflation with a recession and millions of people out of work,' Sen. Warren said, urging caution on rate hikes. 'I hope you consider that before you drive this economy off a cliff.'
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US Fed Evaluating SEC’s Position on Digital Assets Custody, Powell SaysThe SEC’s directive that customers’ digital assets may need to be treated as being on an exchange’s balance sheet has banking regulators scratching their heads about how it’ll work.
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Powell says Fed will keep raising interest rates as long as appropriateFederal Reserve Chair Jerome Powell on Wednesday said the Fed will continue to raise interest rates in an effort to combat inflation as Americans across the country feel the burden of the fastest price increases in 40 years.
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