Monetary Policy and the. Economy
2022-06-22T09:32:14-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvODNlXC8wMDNcLzE2NTU5MDU2NDZfMDAzLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Federal Reserve Chair Jerome Powell said a recession caused by interest rate hikes is “certainly a possibility,” while testifying on the the economy and inflation during a Senate Banking Committee hearing on the semiannual monetary policy report. The chair’s testimony came a week after the Federal Reserve announced its largest interest rate hike in nearly 30 years in an attempt to slow inflation. Chair Powell said that despite fears of a recession the Fed intends to continue raising interest rates at an “appropriate” pace.
Federal Reserve Chair Jerome Powell said a recession caused by interest rate hikes is “certainly a possibility,” while testifying on the the… read more
Federal Reserve Chair Jerome Powell said a recession caused by interest rate hikes is “certainly a possibility,” while testifying on the the economy and inflation during a Senate Banking Committee hearing on the semiannual monetary policy report. The chair’s testimony came a week after the Federal Reserve announced its largest interest rate hike in nearly 30 years in an attempt to slow inflation. Chair Powell said that despite fears of a recession the Fed intends to continue raising interest rates at an “appropriate” pace. close
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- Pat Toomey U.S. Senator (Class 3) [R] Pennsylvania
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