Powell says Fed will hike further and faster if necessary

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Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides that this would be necessary to slow rampaging inflation.

 

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Powell Says Fed Will Consider More-Aggressive Interest-Rate Increases to Reduce InflationFederal Reserve Chairman Jerome Powell said the central bank is prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concludes such steps are warranted to bring inflation down They’re going to have to increase QE by $1T per year to get just three of these rate hikes and keep the US paying its interest payments. Creating a new property bubble, one which will put mortgage owners in negative equity... what's the plan of action Joe?
Source: WSJ - 🏆 98. / 63 Read more »

Fed will raise interest rates more aggressively if needed, Powell saysThe U.S. central bank must move 'expeditiously' to bring too-high inflation to heel, Federal Reserve Chair Jerome Powell said on Monday, adding that it could use bigger-than-usual interest rate hikes if needed to do so. He can talk all he wants but would not dare to walk the walk, just look at the 2yr yield and the yield curve, signs for coming recession are starting to poke their heads up😊
Source: Reuters - 🏆 2. / 97 Read more »

Powell says Fed could raise interest rates faster to combat red-hot inflationFederal Reserve Chairman Jerome Powell said Monday the central bank is prepared to more aggressively raise interest rates if policymakers conclude that doing so is warranted to curb inflation.
Source: FoxNews - 🏆 9. / 87 Read more »