Federal Reserve Chairman Jerome Powell said there was still a risk of doing too little to bring down inflation, noting that he would not back down from raising interest rates in two consecutive policy meetings.
Asked during a panel discussion at the European Central Banks Forum on Central Banks whether the Fed would raise rates every other meeting, Powell said: “ We haven't decided to go for it yet. It might turn out like this. It might not work that way. But I wouldn't, you know, refuse to postpone a rate hike in a row at all."
When asked if he thought the risk was...
More Articles …
- The Federal Reserve on Wednesday stress tested banks and made its announcement
- US Considers New Export Restrictions on Latest Generations of AI Chips to China
- Rating of the largest US banks by capitalization and consolidated assets, Top 100
- Legendary investor prepares for the longest bear market yet
- Looking forward to the next Fed rate hike. Bond yields are rising
- US debt rose by 570 billion in June and exceeded the GDP of China, Japan, Germany and the UK combined
- Markets drop on house news and rate hike in July, Tesla rises
- 10-Year Forecast for Major Asset Classes
- Is China's economy heading for a recession?
- Is the historic rate of Fed rate hikes a path to recession?
- S&P excludes Twitter, Walmart, Equifax and other companies from its index
- China's exports in the 21st century
- Is US default delayed? Will the debt bar be raised?
- Business leaders see a crisis
- RH shares fell 8% thanks to Warren Buffett's Berkshire Hathaway





