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WASHINGTON - The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point - the largest bump since 1994 - and signaling mor...
Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it. Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession. A worse-than-expected inflation report for…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it.
Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it
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The “soft landing” the Fed hoped for — slowing inflation to its 2% goal without derailing the economy — is becoming trickier and riskier.