Jerome Powell Admits Federal Reserve Underestimated Inflation
The Federal Reserve underestimated inflation as the U.S. economy reopened, Chair Jerome Powell told lawmakers on the House Financial Services Committee.
Source: theepochtimes.com
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Fed says commitment to restoring price stability 'unconditional'
The Federal Reserve said it would do what is needed to get prices under control, reiterating that price stability is necessary to support a strong labor market and calling its commitment to reining in inflation “unconditional.”
Source: bondbuyer.com
Fed raises interest rates again. What's next?
Central bank moves to tackle greatest run-up in prices in four decades
Source: gulfnews.com
Economist expects recession will hit towards end of the year
BNZ head of research Stephen Toplis says New Zealand could see a recession at the end of 2022 or early 2023 - and there's danger it could be worse than anticipated.
Source: rnz.co.nz
Sri Lanka, world suffers terribly from Fed's accidental discovery: Bellwether
In Washington DC along Constitution Avenue and 20th Street sits the Marriner S Eccles building, named after one of the greatest central bankers of all time, who went against the prevailing economic religion that would have destroyed the US like Sri Lanka in 1951.
Source: economynext.com