| Clip Of Federal Reserve Chair News Conference
Report Video IssueFed Chair: Inflation is Much Too High
2022-05-04T14:30:30-04:00https://images.c-span.org/Files/b3a/20220504143102010_hd.jpgIn announcing the biggest increase in interest rates in 22 years (half a percentage point), Federal Reserve Chair Jerome Powell says "inflation is much too high" and that it needs to be brought under control if the economy is to sustain a strong labor market. Chairman Powell says he and his colleagues at the Fed "understand the hardship" caused by rising prices and says additional rate hikes can be expected in the future.
In announcing the biggest increase in interest rates in 22 years (half a percentage point), Federal Reserve Chair Jerome Powell says "inflat… read more
In announcing the biggest increase in interest rates in 22 years (half a percentage point), Federal Reserve Chair Jerome Powell says "inflation is much too high" and that it needs to be brought under control if the economy is to sustain a strong labor market. Chairman Powell says he and his colleagues at the Fed "understand the hardship" caused by rising prices and says additional rate hikes can be expected in the future. close
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- Jay Powell Chair Federal Reserve->Board of Governors