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.
Source: 9news.com
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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.
Source: king5.com
World News | Powell: Fed Aims to Avoid Recession but Says It's Possible
Get latest articles and stories on World at LatestLY. US Federal Reserve Chair Jerome Powell sought on Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession. World News | Powell: Fed Aims to Avoid Recession but Says It's Possible.
Source: latestly.com
Business Highlights: Gas tax break, US baby formula imports
___ Biden calls for 3-month suspension of gas and diesel taxes WASHINGTON (AP) — President Joe Biden is calling on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures.
Source: apnews.com
Stocks lose gains as Powell tries to reassure Americans fearful of a recession
Several Republicans charged that the Powell Federal Reserve had moved too slowly to begin raising rates and now must speed up its hikes.
Source: kristv.com