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.
- Media
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