Federal Reserve Chair News Conference
2022-07-27T20:23:57-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvODA5XC8wMDFcLzE2NTg5NjgyMzJfMDAxLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Federal Reserve Chair Jerome Powell said he does not think the U.S. economy is in a recession, and that it “doesn’t make sense” because there are too many areas of the economy “performing too well,” such as the labor market. His remarks came during a press conference on the economy and monetary policy as he responded to a question on whether the U.S. was in a recession. Chair Powell also announced that interest rates would be raised by 3/4 of a percentage point to get inflation under control, and that the Federal Reserve anticipates additional rate increases in the future.
Federal Reserve Chair Jerome Powell said he does not think the U.S. economy is in a recession, and that it “doesn’t make sense” because there are too… read more
Federal Reserve Chair Jerome Powell said he does not think the U.S. economy is in a recession, and that it “doesn’t make sense” because there are too many areas of the economy “performing too well,” such as the labor market. His remarks came during a press conference on the economy and monetary policy as he responded to a question on whether the U.S. was in a recession. Chair Powell also announced that interest rates would be raised by 3/4 of a percentage point to get inflation under control, and that the Federal Reserve anticipates additional rate increases in the future. close
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