Will the Fed Raise Interest Rates During a Banking Crisis?
The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
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The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
Investors were alarmed at suggestions by Jerome Powell, the Federal Reserve’s chairman, that interest rates could go even higher in a bid to halt inflation.
The senator has set a Wednesday vote to compel Howard Schultz, the billionaire Starbucks chief executive, to testify in front of the Senate Health, Education, Labor and Pensions Committee.
The decision cited “egregious and widespread misconduct,” including illegal monitoring and firing of workers. Starbucks signaled that it would appeal.
The company has amassed an audience in Italy, and now it is betting on two very Italian ingredients.