Fed chair Jerome Powell: Rate hikes could lead to more job losses

Fed chair Jerome Powell: ‘Unconditional’ bid to fight inflation could spur job losses

“We have a labor market that’s sort of unsustainably hot and we’re very far from our inflation target,” Powell said.

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 Admits The Obvious About Inflation

Chairman of the federal reserve Jerome Powell admitted in a hearing Thursday that "with the benefit of hindsight" the Fed clearly underestimated inflation.

Powell acknowledges Fed rate hikes could cause unemployment to climb

The Federal Reserve's battle on inflation could cause the unemployment rate to rise as Americans lose their jobs, Chairman Jerome Powell told Congress on Thursday.

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…