Federal Reserve Chair Jerome Powell testifies about monetary policy and the state of the economy before the House Financial Services Committee in Washington, D.C., on March 2.
The central bank raised its benchmark rate by half-a-percentage point, following a quarter-point increase in March. The moves mark a sharp U-turn from the easy-money policies the Fed had pursued through most of the pandemic. Inflation has been driven by strong consumer demand for both goods and services, which is outpacing the ability of businesses to deliver.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed expected to aggressively raise interest rates to tame inflationThe Fed is expected to raise interest rates this week with the biggest jump in more than 20 years as the central bank tries to get control of historic inflation.
Source: FOX26Houston - 🏆 448. / 53 Read more »
Federal Reserve set to raise interest rates again, ramping up fight against inflationThe Fed is expected to raise its benchmark interest rate by twice the usual amount this week as it steps up its fight against inflation, which is at a four-decade high. Far too slow to halt Biden's inflation money casting to the winds.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
Federal Reserve set to raise interest rates again, ramping up fight against inflationThe Fed is expected to raise its benchmark interest rate by twice the usual amount this week as it steps up its fight against inflation, which is at a four-decade high. But... JoeBiden says he's got this under control. Things are going great! government should tell everybody to invest in crypto since it's a deflationary coin Thanks Uncle Joey. Keep the faith Joey...... C’mon man!
Source: 6abc - 🏆 250. / 63 Read more »
Federal Reserve set to raise interest rates again, ramping up fight against inflationThe Fed is expected to raise its benchmark interest rate by twice the usual amount this week as it steps up its fight against inflation, which is at a four-decade high.
Source: ABC7 - 🏆 67. / 68 Read more »
Biden touts economic growth as Federal Reserve set to raise interest rates againThe Fed is expected to raise its benchmark interest rate by twice the usual amount this week as it steps up its fight against inflation, which is at a four-decade high. WE THE PPL R SUFFERING/DYING FROM BIDEN N DEMS' OUT OF CONTROL INFLATION/RECKLESS SPENDING PORN, N SKYHIGH GAS PRICES/KILL ENERGY-INSANITY. dems dont care abt us. dems do nothing, just watch us suffer/die.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
Fed raises key rate by a half-point in bid to tame inflationThe Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday. Inflation is out of control inflation Bidenflation
Source: chicagotribune - 🏆 8. / 91 Read more »