Federal Reserve Chair Jerome Powell says rate hikes to be decided 'meeting by meeting'
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
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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.
Federal Reserve Chair Jerome Powell sought 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.
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.