Recession: Powell reassures Fed working to prevent decline
Powell added that the Fed will continue to raise interest rates if inflation continues to rise, but said they'd do it in a way to avoid tightening credit.
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Powell added that the Fed will continue to raise interest rates if inflation continues to rise, but said they'd do it in a way to avoid tightening credit.
Several Republicans charged that the Powell Federal Reserve had moved too slowly to begin raising rates and now must speed up its hikes.
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
Powell added that the Fed will continue to raise interest rates if inflation continues to rise, but said they'd do it in a way to avoid tightening credit.
Powell added that the Fed will continue to raise interest rates if inflation continues to rise, but said they'd do it in a way to avoid tightening credit.