Published 2 years ago

Fed will keep raising interest rates until it is ‘confident’ inflation is moving down, Harker says

Summary by Ground News

Philadelphia Fed President Patrick Harker: High inflation is a scourge, punishing low- and moderate-income families the most. He endorsed the Fed's plan for two additional 50-basis-point rate hikes in June and July. All of this will be dependent on where the data is, he added.

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Associated Press News

Powell: Fed to keep hiking rates until it controls inflation

WASHINGTON (AP) — Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession.

2 years ago·United States

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abc News

Powell: Fed to keep hiking rates until it controls inflation

Chair Jerome Powell underscored the Federal Reserve’s determination to keep raising interest rates until it has brought inflation under control — a high-stakes effort that carries the risk of causing an eventual recession

2 years ago·United States

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MarketWatch

Fed will keep raising interest rates until it is ‘confident’ inflation is moving down, Harker says

The U.S. central bank will continue to raise interest rates at a measured pace until policymakers are confident that inflation is moving down toward the 2%...

2 years ago·United States

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