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

CNN

LeftMixed FactualityTelecom: AT&T

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

Federal Reserve Chairman Jerome Powell told lawmakers on Thursday that aggressive interest rate hikes designed to tame inflation could lift unemployment.

New York Times

Lean LeftHigh FactualityPrivate Equity: The Vanguard GroupWealthy Private Owner: Carlos Slim

What Fed Chair Powell has said about inflation, interest rates and the risk of a recession.

KVIA

CenterHigh FactualityMedia Conglomerate: News-Press & Gazette Company

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…

KRDO

CenterHigh FactualityMedia Conglomerate: News-Press & Gazette Company

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…

KIFI

Media Conglomerate: News-Press & Gazette Company

Fed chair Jerome Powell: Rate hikes could lead to more job losses - Local News 8

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…

New York Post

Lean RightMixed FactualityMedia Conglomerate: Murdoch Family

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.