Powell: Fed could keep lifting rates ‘for some time’
Powell: Fed could keep lifting rates ‘for some time’
JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades.
Powell also warned more explicitly than he has in the past that the Fed’s continued tightening of credit will cause pain for many households and…
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