Federal Reserve Chair News Conference
Interest rates reached above 5 percent for the first time since the 2007-08 financial crisis after the Federal Reserve announced another rat… read more
Interest rates reached above 5 percent for the first time since the 2007-08 financial crisis after the Federal Reserve announced another rate hike. Federal Reserve Chair Jerome Powell outlined why another increase was warranted. He faced several questions from reporters on pausing increases after the March bank failures, credit tightening, and other economic factors. The Federal Reserve would meet again in June to debate and decide on another interest rate increase and other monetary policy matters. close
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