Business Highlights: Gas tax break, US baby formula imports | Taiwan News
Business Highlights: Gas tax break, US baby formula imports | 2022-06-23 04:54:04
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Business Highlights: Gas tax break, US baby formula imports | 2022-06-23 04:54:04
Several Republicans charged that the Powell Federal Reserve had moved too slowly to begin raising rates and now must speed up its hikes.
Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation has proved higher and far more persistent than he or the Fed’s staff economists had foreseen. And…
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Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.