Powell: Fed aiming to avoid recession amid inflation fight

Summary by Ground News

Federal Reserve Chair Jerome Powell testifies before a Senate committee. He says the Fed's primary goal is to reduce inflation. But he says the pace of rate hikes will depend on how quickly inflation declines. Republicans say the Fed has taken too long to raise rates and should go much higher.

Powell: Fed aiming to avoid recession amid inflation fight

7 days ago

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Portland Press Herald

Chairman Powell says Fed aiming to avoid recession while taming inflation

He tells senators that the Federal Reserve's primary goal is to reduce inflation, and he still hopes to achieve what he has called a 'soft landing' – a reduction in inflation and a slowdown in growth without triggering a recession and high unemployment.

7 days ago·Portland, United States

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WHDH

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...

7 days ago

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OC Register

Powell: Fed aims to avoid recession, and says it’s possible

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 so much as to t…

7 days ago·Orange County, United States

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Chicago Tribune

Federal Reserve chair aiming to avoid recession amid inflation fight

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.

7 days ago·Chicago, United States

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Pittsburgh Post-Gazette

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.

6 days ago·Pittsburgh, United States

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WSVN

Powell: Fed aiming to avoid recession amid inflation fight

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 so much as to throttle the economy and cause a recession.Testifying to the Senate Banking Committee, Powell faced skeptical questions from members of both parties about the Fed’s ability to tame inflation, which has surged to the top of Americans’ c…

7 days ago·Miami, United States

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