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Federal Reserve Chair Jerome Powell sought 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.
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.
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.