Powell: Fed to keep rates higher for longer to cut inflation

Item

Title
Powell: Fed to keep rates higher for longer to cut inflation
Source
Sunstar
Date
December 2, 2022 (Friday)
Subject
Financial Crisis
Annotation
The federal reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday, No. 30, 2022, in remarks likely intended to underscore the Fed's single-minded focus on combating stubborn inflation.