has all but conceded the central bank will tip the economy into a recession with its rapid rate hikes, warning that higher rates will cause economic "pain."
"The chances of a soft landing are likely to diminish to the extent that policy needs to be more restrictive or restrictive for longer," Powell told reporters in Washington. "Nonetheless, we’re committed to getting inflation back down to 2%. We think a failure to restore price stability would mean far greater pain."
Federal Reserve Chair Jerome Powell arrives to speak during a news conference following a Federal Open Market Committee meeting in Washington, D.C., Wed., Sept 21, 2022."Inflation is very high in the United States and abroad, and the risk of additional inflationary shocks cannot be ruled out," she said.
Dove now a Hawk because they waited toooooooo long
Am I the only one concerned that the vice chair of the fed wears a thumb ring?
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 officials warn of additional interest rate hikes to fight inflationSeveral Federal Reserve officials this week endorsed additional interest rate hikes as the central bank tries to bring inflation under control by slowing the U.S. economy. Fed members ignore dem's attack on USA energy. That attack is causing 1/2 the current inflation and will not be defeated by Fed rate increases without economic destruction. It's about the marxist ESG being implemented for the dems by the Fed destroying each American's finances. Good, long overdue, rates should be at 12%. Look to Paul Volcker for inspiration.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Will Anyone Ever Buy or Sell a Home Again?High interest rates! Just what this crazy housing market needed. Homeowners & Flood insurance does the blinking around here bro
Source: Slate - 🏆 716. / 51 Read more »
How VA loans benefit veterans and their familiesIf you're currently shopping for your next home and want to find the most affordable way to finance it, VA loans are known for their very competitive interest rates. It's simple to check rates and get started. If you want a home, now is certainly not the time to buy whether your a veteran or not... The USNavy USArmy USCG usairforce NationalGuard SpaceForceDoD is hiring Join today at your local recruitment office! Only look at band new perfect homes or they won’t finance you! Speaking from experience !
Source: CBSNews - 🏆 87. / 68 Read more »