CNN CNN Newsroom June 4, 2024 17:20:00
Fed's job for it right. it's cooling the economy off by making it harder for us to get loans and more expensive to have credit card debt and mortgages. um powell even said we can think of this as basically the equivalent of one interest rate hike or, he said, maybe more and i think that's actually the whole problem here is no one. not even the fed knows just how much damage this is going to do to the economy. and ironically, briana, you know if this proves to be a brief episode, which we hope it does in the banking situation stabilizes, the fed may actually have to do more work to cool off inf...
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