Why the Fed chief says there’s no end in sight to rate hikes
Why the Fed chief says there’s no end in sight to rate hikes
JACKSON HOLE, Wyo. (The Hill) — Federal Reserve Chair Jerome Powell said Friday the central bank will continue to boost interest rates and leave them at levels meant to restrict the economy until inflation steadily declines.
Speaking at the Fed’s annual policy summit in Wyoming, the Fed chief said the bank will keep taking “forceful and rapid” steps to curb price growth even though it could cause…