Fed chair Jerome Powell: Rate hikes could lead to more job losses
8 Articles
8 Articles
Fed chair Jerome Powell: Rate hikes could lead to more job losses
By Matt Egan, CNN Business Federal Reserve Chairman Jerome Powell told lawmakers on Thursday that aggressive interest rate hikes designed to tame inflation could lift unemployment on Main Street. Powell said that although it’s “certainly possible” to get inflation under control without causing job losses, that may not be the case. “There is a risk
Fed chair Jerome Powell: Rate hikes could lead to more job losses
By Matt Egan, CNN BusinessFederal Reserve Chairman Jerome Powell told lawmakers on Thursday that aggressive interest rate hikes designed to tame inflation could lift unemployment on Main Street.Powell said that although it’s “certainly possible” to get inflation under control without causing job losses, that may not be the case.“There is a risk that unemployment will move up, from what is an historically low level though,” Powell said during a h…
Fed chair Jerome Powell: Rate hikes could lead to more job losses
By Matt Egan, CNN BusinessFederal Reserve Chairman Jerome Powell told lawmakers on Thursday that aggressive interest rate hikes designed to tame inflation could lift unemployment on Main Street.Powell said that although it’s “certainly possible” to get inflation under control without causing job losses, that may not be the case.“There is a risk that unemployment will move up, from what is an historically low level though,” Powell said during a h…
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