Powell: Fed aiming to avoid recession amid inflation fight

Powell: Fed aiming to avoid recession amid inflation fight

Powell said the pace of future rate hikes will depend on whether — and how quickly — inflation starts to decline.

Fed's Powell: Committed to Inflation Fight, Not Trying to Trigger Recession

The Federal Reserve is not trying to engineer a recession to stop inflation but is fully committed to bringing prices under control even if doing so risks an economic downturn, U.S. central bank chief Jerome Powell said on Wednesday. “We are not trying to provoke, and I don’t think we will need to provoke, a recession,” Powell said at a hearing before the U.S. Senate Banking Committee, although he acknowledged that a recession was “certainly a p…

Powell: Fed aiming to avoid recession amid inflation fight

Powell said the pace of future rate hikes will depend on whether — and how quickly — inflation starts to decline.

Powell: Fed aims to avoid recession but says it's possible

The Fed Chair faced skeptical questions from members of both parties about the Fed’s ability to tame inflation, which has surged to the top of Americans’ concerns as congressional elections near.

Powell: Fed aims to avoid recession but says it's possible

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit

Powell: Fed aiming to avoid recession amid inflation fight

Powell said the pace of future rate hikes will depend on whether — and how quickly — inflation starts to decline.