Published 2 years ago

Fed Chair Powell: 'I do not think the U.S. is currently in a recession'

Summary by Ground News

Jerome Powell says the pace of rate hikes could slow in the coming months. The Fed chair also indicated that even if the economy were to fall into a recession, the central bank would keep raising rates. Powell: "We're going to be focused on getting inflation back down" The Fed wants to cool the economy through its rate hikes.

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Times of India

US not yet in recession and 4 other takeaways from the Fed

Yet despite his resolute words, the Fed chairman said for the first time that the central bank's actions are already having an effect on the economy in ways that could slow the worst inflation the nation has endured in four decades.

2 years ago·India

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Associated Press News

US not yet in recession and 4 other takeaways from the Fed

WASHINGTON (AP) — Jerome Powell delivered a tough message at the start of a news conference Wednesday : Inflation is way too high , and the Federal Reserve is laser-focused on taming it with higher borrowing costs.

2 years ago·United States

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abc News

US not yet in recession and 4 other takeaways from the Fed

Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs

2 years ago·United States

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KRDO

US not yet in recession and 4 other takeaways from the Fed

By CHRISTOPHER RUGABER AP Economics WriterWASHINGTON (AP) — Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs. Yet despite his resolute words, the Fed chair also said for the first time that the central bank’s actions are already having an effect on the economy in ways that could slow the worst inflation…

2 years ago·Colorado Springs, United States

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KIFI

US not yet in recession and 4 other takeaways from the Fed - Local News 8

2 years ago·Idaho Falls, United States

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CNBC

Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession

Federal Reserve Chairman Jerome Powell said on Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation.

2 years ago·United States

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