The Fed chair said the central bank “still has a ways to go” before it will be done raising interest rates, and that rates may go higher than previously anticipated.
Tag: Powell, Jerome H
-
Fed Faces Tough Decisions as Inflation Lingers and Economic Risks Loom
The central bank is expected to raise rates three-quarters of a point today, but what it says about its next steps will be even more important.
-
Jerome Powell Is Popular. His War on Inflation Could Change That.
Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week.
-
Bad News for the Fed As Inflation and Wages Continue to Climb Rapidly
The Federal Reserve’s preferred inflation measure showed that price gains remained fast in September, and a gauge of wages it watches closely is climbing quickly.